Info Edge (India) has entered into an agreement to invest, through its wholly-owned subsidiary, about Rs 47 crore in Shop Kirana E Trading. The company has agreed to acquire 2,333, 0.01% Compulsorily Convertible Preference Shares. The aggregate shareholding of the company, post this investment, in the said entity would be 25.36% on a fully converted & diluted basis.
Shop kirana is engaged in the business of developing a B2B ecommerce platform for ordering, delivery, payments and related products/services among various stakeholders in grocery/FMCG supply chain. As part of Info Edge’s strategic investments, the acquisition would help the company to consolidate its presence into the said line of business within the Internet Services Industry.
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.
Company Name | CMP |
---|---|
Quess Corp | 626.80 |
eClerx Services | 2404.50 |
Info Edge | 5693.00 |
CMS Info Systems | 379.35 |
Affle (India) | 1065.65 |
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