Info Edge (India) has agreed to divest/transfer its entire holding in Canvera Digital Technologies, held through Startup Investments Holding (Startup), a wholly-owned subsidiary of the company, for a nominal consideration to an entity known as Printo Document Services. The company invested an aggregate amount of Rs 121.1 crore in Canvera for 70.47% stake, which had already been booked as loss on account of diminution in value/provision for impairment.
Further, the company has also agreed to invest an amount of about Rs 20 crore in Printo Document Services for about 23.54% stake (on a fully diluted basis).
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.
