Info Edge’s (India) wholly owned subsidiary -- Allcheckdeals India (ACD) has invested Rs 4 crore in its wholly owned subsidiary-NewInc Internet Services (NewInc), step down wholly owned subsidiary of the company. The said investment is done to meet working capital requirement of the NewInc.
ACD has agreed to acquire 4,00,000 - 0.0001% Compulsorily Convertible Debentures (CCDs) having face value of Rs 100 each. Post this investment, NewInc remains the step down wholly-owned subsidiary of the company.
NewInc is engaged in the business of providing all kinds and types of internet, computer and electronics data processing 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 | 637.10 |
eClerx Services | 2384.00 |
Info Edge | 5992.75 |
CMS Info Systems | 408.10 |
Affle (India) | 1074.90 |
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