Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Info Edge will invest about Rs. 12 Crores in its wholly-owned subsidiary Zwayam Digital through 12 lakh Compulsorily Convertible Debentures of Rs. 100 each. The funds are meant to meet Zwayam's working capital and general business needs. Zwayam provides SaaS-based recruitment and screening solutions. Zwayam's turnover for FY25 was Rs. 34.72 Crores but it posted a loss of Rs. 22.64 Crores and has a negative networth of Rs. 51.83 Crores. The transaction is at arm's length and Zwayam remains a 100% subsidiary post-investment, to be completed within 30 days.
This is a relatively small capital infusion into a loss-making subsidiary, unlikely to materially impact Info Edge's consolidated earnings. Shareholders should note ongoing losses at Zwayam, though the absolute amount is minor compared to Info Edge's overall size.