Info Edge (India) Limited — JV/Acquisition, 22-10-2024: Acquisition

Info Edge (India) Limited has announced an investment of Rs. 30 Crores in its wholly-owned subsidiary, Redstart Labs (India) Limited. This acquisition involves the purchase of 3,000,000 Compulsorily Convertible Debentures (CCDs) at a face value of Rs. 100 each. The investment aims to meet capital requirements and explore new opportunities. Redstart operates in the technology and internet services sector, having generated no turnover since its incorporation in 2020.