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) Limited has approved an investment of about Rs. 5 crores in its wholly-owned subsidiary Startup Investments (Holding) Limited (SIHL). The investment will be made by acquiring 2,33,535 Compulsorily Convertible Debentures (CCDs) at Rs. 214.10 each. SIHL is engaged in direct and indirect investments in tech companies and Alternate Investment Funds (AIF). As of March 2025, SIHL had a networth of negative Rs. 209.50 crores with nil turnover. The transaction qualifies as a related party transaction but is conducted at arm's length. No government approvals are required, and the investment is expected to be completed within 30 days.
This is a routine capital infusion into an existing subsidiary and is unlikely to have any material impact on Info Edge's stock price or financials. It reflects the company's continued support for its investment arm.