Info Edge (India) has invested (including through its wholly-owned subsidiary) about Rs 37.93 crore in Applect Learning Systems, an existing subsidiary of the company. The aggregate shareholding of the company, post this additional investment, in the said entity would be 65.67% on fully converted & diluted basis.
Applect owns & operates a website with the name www.meritnation.com which is into development and online delivery of study content and assessment modules for school students primarily through its website, powering assessment questions and solutions for tuition centre's and online and offline test preparation modules including those for various undergraduate entrance examinations including for engineering and medical.
Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.
