Info Edge to fully exit Psila Tech

Strategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹1217.50

prior close

₹1188.50

announcement price

In-mkt

timing

Nifty Midcap 150market-2.1%-0.5% vs market

Internet & Catalogue Retail peers, median of 7sector-1.3%-1.2% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 1.2 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.2

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-2.1-0.5-1.3-1.2

Next day

-1.7-1.0-0.7-1.6-0.1

-0.1pendingpending+2.4-2.5

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15d

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UpDownMarket · Nifty Midcap 150Sector · Internet & Catalogue Retail peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Info Edge's wholly owned Redstart Labs will reduce its entire 13.38% holding in Psila Tech to zero through a capital reduction. After completion, Psila will no longer be an indirect investee of Info Edge.

Likely market impact

Redstart will fully exit Psila. The filing does not state any sale proceeds, gain or loss, so the effect on Info Edge is unclear.