Shares of Info Edge (India) climbed as much as 3.36 per cent to hit a high of Rs 2,676 apiece on the BSE in the intra-day trade on Tuesday after food aggregator Zomato signed a definitive agreement to acquire Uber Eats, Uber's food delivery business in India, in an all-stock transaction.
Info Edge has a stake in Zomato, which upon closing of the said acquisition, will reduce to about 22.71 per cent on fully converted and diluted basis, it said in a regulatory filing.