Info Edge (India) Limited disclosed an investment approval in its wholly-owned subsidiary through a regulatory filing under SEBI Listing Regulations.
Investment Details
- Investment Type: Compulsorily Convertible Debentures (CCDs)
- Number of CCDs: 1,868,285
- Issue Price: ₹214.10 per CCD (including premium of ₹114.10 per CCD)
- Total Investment Amount: Approximately ₹40 crores
- Consideration Type: Cash consideration
- Expected Completion: Within 30 days from approval date
Target Entity Information
Startup Investments (Holding) Limited (SIHL)
- Address: Ground Floor, 12 A, 94, Meghdoot, Nehru Place, New Delhi - 110019
- Date of Incorporation: March 4, 2015
- Business Activity: Engaged mainly in direct or indirect investments in tech companies and related activities including investment in Alternative Investment Funds (AIFs)
- Geographic Presence: India
Financial Information of SIHL (as of March 31, 2025)
- Turnover: Nil
- PAT: (₹0.2 crores) [loss]
- Networth: ₹203.31 crores
Historical Turnover (Last Three Years)
- 2025-26: Nil
- 2024-25: Nil
- 2023-24: Nil
Ownership Structure
The Company already holds 100% stake in SIHL directly and through Naukri Internet Services Ltd. (another wholly-owned subsidiary) on a fully converted and diluted basis. Post this investment, SIHL will remain the wholly-owned subsidiary of the Company.
Regulatory Classification
The transaction falls under the category of related party transaction as SIHL is a wholly-owned subsidiary under the Companies Act, 2013. However, the promoter/promoter group/group companies have no interest in this specific investment, and the transaction is conducted at arm's length basis.
Government Approvals
No governmental or regulatory approvals are required for this acquisition.
Meeting Details
The Committee of Executive Directors meeting commenced at 11:15 am and concluded at 11:30 am on June 24, 2026.
Additional Information
The intimation is being uploaded on the Company's website at www.infoedge.in.