24-Jun-2026 11:43:11

NAUKRIGeneral news

INFO EDGE : INVESTS RS 40 CR IN WHOLLY-OWNED SUBSIDIARY

• Info Edge's Committee of Executive Directors approved an investment of approximately ₹40 Crores in Startup Investments (Holding) Limited ('SIHL'). • SIHL is a wholly-owned subsidiary of Info Edge, engaged in investments in tech companies and related activities. • The investment is being made through Compulsorily Convertible Debentures ('CCDs') at an issue price of ₹214.10/- each. • SIHL's financials as of March 31, 2025, show a turnover of Nil, PAT of (₹0.2) Cr, and Networth of ₹203.31 Cr. • The transaction is considered a related party transaction as SIHL is a wholly-owned subsidiary. • The transaction is conducted on an arm's length basis. • The investment is expected to help SIHL explore investment opportunities, including contributions to AIFs. • The acquisition is expected to be completed within 30 days from the approval.

Info Edge (India) Limited

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