Info Edge (India) Ltd board approves ₹10 crore investment in wholly-owned subsidiary Smartweb Internet Services via compulsorily convertible debentures.
Smartweb reported ₹41.39 crore turnover and ₹5.03 crore PAT for FY25, with networth of ₹60.91 crore as of March 2025.
The investment maintains Smartweb's status as wholly-owned subsidiary and is expected to be completed within 30 days from approval.
Transaction is classified as related party but conducted at arm's length basis with no promoter group interest.