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Info Edge (India) Ltd., the parent of job portal Naukri.com, has launched an independent investigation after receiving a whistle-blower complaint alleging violations of company policies by employees in its real estate vertical, 99acres. In a regulatory filing, the company said its Audit Committee and Board of Directors had taken note of the allegations and appointed a reputed specialist law firm to conduct a comprehensive probe. The firm's assessment is ongoing. While the company did not disclo ...Read More >
A comfortable launch pipeline (availability of low-cost land bank and scope to accumulate more) would drive bookings/collections CAGR of 18%/39%, respectively, during FY24-27E, generating a healthy cashflow stream. This, coupled with a deleveraged balance sheet and likely fund-raise of Rs20bn, would pave the way for a sharp ramp up of the company's Data Center (DC) business. Availability of land/civil structures gives competitive advantage and would aid faster capacity addition (expected @102MW ...Read More >
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