Info Edge (India) Limited — JV/Acquisition, 17-01-2025: Acquisition

The company has agreed to invest approximately Rs. 90 Crores in its wholly owned subsidiary, Startup Investments (Holding) Limited (SIHL). This strategic investment will enable SIHL to pursue opportunities in Alternative Investment Funds (AIFs) and other initiatives. The acquisition involves the purchase of 4,193,849 Compulsorily Convertible Debentures (CCDs) at Rs. 214.6 each, ensuring SIHL remains a wholly owned subsidiary. With no revenue for the last three years, this move signifies the company's focus on enhancing its investment portfolio and exploring growth avenues in the tech sector.