Info Edge sheds Rs 2,600 crore in market value post Zomato layoffs
The e-commerce player saw its stock dive down over 9 per cent in the past four trading days, after its portfolio company Zomato laid off 540 employees on Saturday. Investors see this as a sign of spreading slowdown in consumption.
Last Updated: September 13, 2019 | 12:48 IST
Info Edge, which holds a 26.38 per cent stake in Zomato, is currently trading at Rs 1891.50 apiece