Info Edge board approved commitment of up to Rs. 250 crore in A88 Fund I, a SEBI-registered Category II AIF focused on early-stage deep tech companies.
SIHL, a wholly owned subsidiary, will transfer its 26.14% stake in Shopkirana to TIPL for USD 32.97 million, receiving 2.021% TIPL preference shares in return.
SIHL will also make a primary cash infusion of USD 1.72 million in TIPL for 0.105%, bringing total SIHL stake in TIPL to approximately 2.126% on fully diluted basis.
Both transactions qualify as overseas direct investment under FEMA and are expected to close by June 30, 2026, subject to conditions precedent and authorized dealer bank clearance.