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Info Edge to invest Rs 7 crore in Medcords

23 Mar 2020 Evaluate

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.

Info Edge Share Price

1066.80 12.30 (1.17%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1624.55
Info Edge 1066.80
Firstsource Solution 233.75
Affle 3i 1446.95
Hinduja Global Soln. 416.10
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