Info Edge (India) has received approval for investment around Rs 135.4 crore via a mix of primary and secondary purchase of shares in Sunrise Mentors by acquisition of 22,836 Compulsorily Convertible Preference Shares (CCPS) of face value Rs 10 each and 27,089 Equity Shares of face value Rs 10 each.
Pursuant to the approval of the Board, the Company has finalized and executed the relevant agreements for the Investment. The Investment is subject to fulfilment of certain customary conditions precedent and other terms and conditions agreed under the relevant agreements. This investment would help the company to explore and maximize business synergies between the two platforms - Naukri and CodingNinjas.
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 |
|---|---|
| eClerx Services | 1631.05 |
| Info Edge | 1054.50 |
| Firstsource Solution | 239.25 |
| Affle 3i | 1468.10 |
| Hinduja Global Soln. | 426.90 |
| View more.. | |
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