Info Edge (India) has planned to invest an amount of about Rs 50 crore in Startup Investments (Holding) (SIHL), a wholly owned subsidiary of the company. The present investment would help SIHL to explore investment opportunities including contribution to AIF(s) and other general purposes.
The company has agreed to acquire 2,329,916 Compulsorily Convertible Debentures (CCDs) at an issue price of Rs 214.6 each including premium of Rs 114.6 per CCD. Post this investment, SIHL remains the wholly-owned subsidiary of the company. The said transaction is expected to be completed within 30 days from the approval. The Company in its meeting of Committee of Executive Directors held on October 4, 2023 has agreed for the same.
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.
