Info Edge (India) Limited has informed the Exchange about Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Info Edge's board, on July 18, 2025, approved transferring its entire 26.14% stake (60,673 shares) in associate company Shopkirana E Trading Private Limited, held through wholly owned subsidiary SIHL, to Hiveloop E-Commerce Private Limited (HEPL), an Indian subsidiary of Singapore-based Udaan (TIPL). In exchange, SIHL will receive about 1.68 crore shares of HEPL (~0.91% stake on a fully diluted basis), linked to reference shares at the TIPL level valued at approximately USD 23.13 million (notional ~1.48% stake in TIPL). Shopkirana contributed Rs 471 crore in income (15.88%) and Rs 23 crore in net worth (0.34%) to Info Edge on a standalone basis in FY25 (unaudited). After closing, Shopkirana will cease to be an associate of SIHL. The deal is expected to complete by October 31, 2025, subject to conditions precedent, and is not a related-party transaction.
This is a portfolio reshuffle rather than a core divestiture: Info Edge is exiting its direct Shopkirana exposure and taking a small indirect stake in Udaan via HEPL. The notional deal value of around USD 23 million is modest relative to Info Edge's overall size, so the immediate stock impact is likely limited, though it simplifies the associate structure and signals ongoing cleanup of peripheral investments.