Info Edge’s (India) wholly-owned subsidiary--- Startup Investments (Holding) (SIHL) has agreed to invest about Rs 9.31 crore in Agstack Technologies. This follow on investment by the company through SIHL is in furtherance of company’s investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term.
SIHL has agreed to acquire 10,315 Compulsorily Convertible Cumulative Preference Shares having a face value of Rs 10 each as part of a larger round. The aggregate shareholding of the company through SIHL, post this investment, in the said entity would be 32.89% on fully converted & diluted basis.
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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