Info Edge’s (India) wholly-owned subsidiary -- Redstart Labs (India) has planned to invest an amount of about Rs 3 crore in Sploot and consequently the company’s aggregate shareholding through Redstart would increase from 21.96% to 26.40% on a fully converted and diluted basis upon completion of the acquisition of shares. This follow on investment by the company through Redstart 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. The said acquisition is expected to be completed within 30 days from the approval of Board of Directors of Redstart.
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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