Info Edge (India) has informed that the Board of Directors of the Company at its meeting held on June 11, 2021, approved acquisition of 100% of the Share Capital on a fully diluted basis of Zwayam Digital for an aggregate cash consideration of about Rs 61 Crores. The transaction is subject to fulfilment of certain prescribed conditions precedent and other terms and conditions as per Share Purchase Agreement authorised to be signed by the Board. The details of the transaction are enclosed.
The above information is a part of company’s filings submitted to BSE.
