Info Edge (India) has entered into an agreement to invest, through its wholly-owned subsidiary about Rs 7 crore in Medcords Healthcare Solutions (Medcords). Medcords is an existing Investee company wherein the company holds 11.37% of the paid-up share capital on a fully converted & diluted basis. The said investment would help the company to support and grow Medcords' business in India.
The company has agreed to acquire 2,869 Series A Compulsory Convertible Preference Shares having face value of Rs 100 each at a premium of Rs 24,295.20 per share. The aggregate shareholding of the company, post this investment, in the said entity would be 16.89% on a fully converted & 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.
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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