Info Edge (India) has agreed to invest about Rs 7.5 crore in Happily Unmarried Marketing, through its wholly-owned subsidiary. The company has agreed to acquire 875 Series I NonCumulative Compulsorily Convertible Preference Shares.
Happily Unmarried is engaged in the business of personal care, under the brand ‘Ustraa’ and ‘HU Girls’ and any other brand which the company may launch in the future and excludes the existing home accessory businesses conducted under the brand ‘Happily Unmarried’. As part of company’s strategic investments, the investment would help the company to consolidate its position into the said line of business within the Internet Services Industry.
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 | 609.30 |
eClerx Services | 2409.30 |
Info Edge | 6239.75 |
CMS Info Systems | 483.40 |
Affle (India) | 1260.25 |
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