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Info Edge enters into agreement with SVF India Holdings

26 Jun 2018 Evaluate

Info Edge (India) has entered into an agreement with SVF India Holdings (Cayman) (Soft Bank), a wholly owned subsidiary of SoftBank Vision Fund L.P., of which SoftBank Group Corp. is a limited partner, whereby Soft Bank has agreed to invest an amount equivalent to about $45 million for 49.99% stake (on a fully diluted basis) in Diphda Internet Services (Diphda), a wholly owned-subsidiary of the company, for the time being.

The company has also agreed to invest an amount equivalent to about $45 million in Diphda for 50.01% stake (on a fully diluted basis); and to jointly invest through Diphda, an amount equivalent to about $90 million in Etechaces Marketing & Consulting (Etechaces) for 8.93% stake (on a fully diluted basis post completion of fund raise exercise with other investors).

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.

Info Edge Share Price

1070.05 15.55 (1.47%)
20-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
eClerx Services 1596.40
Info Edge 1070.05
Firstsource Solution 234.00
Affle 3i 1460.05
Hinduja Global Soln. 420.00
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