Info Edge (India) Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2009 (taken on record by the Board of Directors of the Company at its meeting held on July 23, 2009) that: "The Company had raised Rs. 17,036.32 lacs through Initial Public Offer of shares (IPO) in the month of November, 2006 by issuance of 53.24 lacs equity shares of Rs.10/- each at a premium of Rs.310/- per share. The utilisation out of such gross proceeds till June 30, 2009 is given below. The balance amount of IPO proceeds remain invested in fixed deposits in banks and debt based mutual funds. Utilisation of funds upto June 30, 2009.: 1) Purchased of Land: 2,024.57 (Rs. in Lacs); 2) Acquisition/ Strategic Alliances: 1,398.29 (Rs. in Lacs); 3) Issue related expenses: 1,038.73 (Rs. in Lacs); 4) Diversification into new businesses & Markets: 720.91; 5) Development of new businesses and Product enhancement: 924.91; Total utilisation: 6,107.41 (Rs. in Lacs)".