Info Edge (India) has invested an amount of Rs 300 crore in Startup Investments (Holding) (SIHL), wholly owned subsidiary of the company. The company already holds 100% stake in SIHL on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of making this investment.
Promoters of the Company have no interest in the said investment. The transaction is done at arm’s length basis. The present investment would help SIHL to explore investment opportunities including contribution to AIF managed by Smartweb Internet Services.
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 | 566.30 |
eClerx Services | 2190.30 |
Info Edge | 5704.85 |
CMS Info Systems | 443.95 |
Affle (India) | 1142.95 |
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