Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Info Edge (India) has approved an investment of about Rs. 25 crores in its wholly owned subsidiary, Startup Investments (Holding) Limited (SIHL). The investment will be made by acquiring 10,41,666 Compulsorily Convertible Debentures (CCDs) at Rs. 240 each, in cash. SIHL is used for investing in tech companies and alternative investment funds (AIFs). SIHL had zero turnover and a negative networth of Rs. 209.50 crores as of March 31, 2025. The investment is being done at arm's length and promoters have no interest. The transaction is expected to be completed within 30 days.
This is a routine internal capital infusion into a wholly owned subsidiary and is unlikely to materially impact shareholders or the stock price. It provides SIHL with fresh funds to pursue new investment opportunities in tech startups and AIFs.