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 Rs. 30 crores in Startup Investments (Holding) Limited (SIHL), its wholly-owned subsidiary. The investment is through acquisition of 14,01,214 Compulsorily Convertible Debentures (CCDs) at Rs. 214.10 per CCD. SIHL, incorporated in 2015, is engaged in tech company investments and Alternative Investment Fund (AIF) activities. 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 basis.
This is an internal capital infusion into an existing subsidiary and is unlikely to have any immediate material impact on Info Edge's financials or stock price. The investment will support SIHL's investment activities in tech startups and AIFs.