Info Edge invests Rs 86 crore in SISL

22 Nov 2021 Evaluate

Info Edge (India) has invested an amount of around Rs 86 crore in Startup Internet Services (SISL), wholly owned subsidiary of the company. The company already holds 100% stake in SISL on a fully converted and diluted basis. Promoters of the company have no interest in the said investment. The transaction is done at Arm’s Length basis.

As part of company’s investments, the present investment allows company to strengthen the financial health of its mentioned wholly-owned subsidiary enabling it to offer improved services helping it to diversify, organically and/or inorganically, into other connected areas.

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

5497.35 24.10 (0.44%)
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Company Name CMP
Quess Corp 516.30
eClerx Services 2377.15
Info Edge 5497.35
CMS Info Systems 391.45
Affle (India) 1040.05
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