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Info Edge's subsidiary is transferring its entire 26.14% stake in associate Shopkirana to Hiveloop E-Commerce Private Limited (HEPL), a subsidiary of Udaan. In return, Info Edge's subsidiary will receive about 0.91% stake in HEPL, linked to notional shares in Udaan valued at USD 23.13 Million. This strategic move means Shopkirana will no longer be an associate company. Last financial year, Shopkirana contributed income of 471 Cr and net worth of 23 Cr, reflecting a reconfigured investment approach within Info Edge's portfolio.