SIHL transfers 50.94% stake in Gramophone to Unnati, invests Rs 35 Cr

Strategic Transactions View source PDF Explain this filing

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

-2.0%Reaction day

₹1115.50

prior close

₹1105.80

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.6%-0.5% vs market

Internet & Catalogue Retail peers, median of 6sector-0.6%-1.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 1.4 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.

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

AI summary

Info Edge's wholly-owned subsidiary SIHL transferred its 50.94% stake in Gramophone (Agstack Technologies) to Unnati (Akshamaala Solutions) for about Rs 91.7 crores, received as 49,145 preference shares of Unnati. SIHL also invested an additional Rs 35 crores in Unnati by subscribing to 18,756 preference shares. This gives SIHL a 20.53% stake in Unnati, making it an associate company. A merger of Gramophone with Unnati is planned.

Likely market impact

Portfolio reshuffle; Gramophone stake swapped for 20.53% in Unnati (now an associate). No open offer. Neutral for shareholders.