Investment in Startup Internet Services Limited (SISL)
Target Entity: Startup Internet Services Limited (SISL)
Type of Deal: Investment in wholly owned subsidiary
Stake/Capacity: The Company already holds 100% stake in SISL on fully converted and diluted basis. The investment will maintain SISL as a wholly owned subsidiary.
Deal Value: Total approved investment of about ₹100 crore. Initial tranche: ₹20 crore for acquisition of 20,000,000 equity shares of face value ₹10 each. Balance investment of about ₹80 crore to be infused in one or more tranches.
Funding Source: Cash consideration
Financial Impact: SISL financials as of March 31, 2026: Turnover - Nil, PAT - ₹1.77 crores, Networth - ₹5.45 crores. The investment is for exploring investment opportunities including contribution to AIF(s) and other general purposes.
Timeline: Within 1 year from approval
Strategic Rationale: To help SISL explore investment opportunities including contribution to AIF(s) and other general purposes. SISL is engaged in the business of providing all kind and types of internet, computer, electronic and related services.
Approval Status: Board approved
Reference Regulation: SEBI Regulation 30 of Listing Regulations
Investment in Startup Investments (Holding) Limited (SIHL)
Target Entity: Startup Investments (Holding) Limited (SIHL)
Type of Deal: Investment in wholly owned subsidiary
Stake/Capacity: The Company already holds 100% stake in SIHL directly and through Naukri Internet Services Ltd. The investment will maintain SIHL as a wholly owned subsidiary.
Deal Value: Total approved investment of about ₹100 crore. Initial tranche: ₹25 crore for acquisition of 83,94,895 equity shares of face value ₹10 each at a premium of ₹19.78 per share. Balance investment of about ₹75 crore to be infused in one or more tranches.
Funding Source: Cash consideration
Financial Impact: SIHL financials as of March 31, 2026: Turnover - Nil, PAT - (₹0.02) crores, Networth - ₹203.31 crores. The investment is for exploring investment opportunities including contribution to AIF(s) and other general purposes.
Timeline: Within 1 year from approval
Strategic Rationale: To help SIHL explore investment opportunities including contribution to AIF(s) and other general purposes. SIHL is engaged mainly in direct or indirect investments in tech companies and related activities including investment in AIF.
Approval Status: Board approved
Additional Details: Both transactions are related party transactions conducted on an arm's length basis. No governmental or regulatory approvals required. The board meeting commenced at 12:34 pm and concluded at 01:05 pm on October 13, 2026.