The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Info Edge (India) Ltd & PACs
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PB Fintech's Board approved allotment of 2,99,48,003 equity shares (face value Rs. 2) to Info Edge (India) Ltd on December 6, 2025, representing 6.47% of paid-up share capital. This allotment is pursuant to a Scheme of Amalgamation of Makesense Technologies (Info Edge's subsidiary) with PB Fintech, approved by the NCLT Chandigarh Bench. As a result, Info Edge, which previously held its stake indirectly through subsidiaries, will now hold 6.47% directly in PB Fintech, while aggregate shareholding with PACs (Startup Investments Holding and Diphda Internet Services) remains unchanged at 12.43%. The merger effectively converts Info Edge's indirect holding via Makesense into a direct holding in PB Fintech.
This is a restructuring of an existing shareholding rather than a new investment—total promoter-style stake by Info Edge stays flat at 12.43%, so it should be largely neutral for PB Fintech shareholders. No new dilution beyond what was already approved under the NCLT scheme, and no open offer is triggered.