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Info Edge Board Approves Rs 200 Crore Investment In Two Subsidiaries
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News18•13-10-2026, 15:45
Info Edge Board Approves Rs 200 Crore Investment In Two Subsidiaries
- •Info Edge announced that its board has approved an investment of approximately Rs 200 crore in two wholly-owned subsidiaries, Startup Internet Services and Startup Investments.
- •The company will infuse about Rs 100 crore each into SISL and SIHL to support their investment opportunities and contributions to alternative investment funds.
- •Info Edge will acquire 2 crore equity shares of SISL for about Rs 20 crore initially, with the remaining Rs 80 crore to be infused in tranches over the next year.
- •For SIHL, the company will acquire 83,94,895 equity shares for an initial consideration of about Rs 25 crore, with the remaining Rs 75 crore to be infused within one year.
- •The investments are all-cash transactions carried out at arm's length as per the company's regulatory filing.
Key Questions Answered
Info Edge approved an investment of about Rs 200 crore into two of its wholly-owned subsidiaries, Startup Internet Services Ltd (SISL) and Startup Investments (Holding) Ltd (SIHL).
As part of the initial transaction, Info Edge will acquire 2 crore equity shares of SISL for about Rs 20 crore, while the remaining balance of roughly Rs 80 crore will be infused over the next year in one or more tranches.
Info Edge will acquire 83,94,895 equity shares of SIHL at a face value of Rs 10 each with a premium of Rs 19.78 per share, totaling an initial consideration of about Rs 25 crore, with the remaining Rs 75 crore to be infused within a year.
