Date: July 1, 2026
Disinvestment / Strategic Actions
SIHL, a wholly-owned subsidiary of Info Edge (India) Limited, has completed the transfer of its entire shareholding in Shop Kirana E Trading Private Limited to Trustroot Internet Private Limited. The transaction involved:
- Transfer of 60,673 shares (26.14% stake on fully converted and diluted basis) in Shopkirana to TIPL
- Aggregate consideration: USD 32,970,499.20 (United States Dollars Thirty Two Million Nine Hundred Seventy Thousand and Four Hundred Ninety Nine point Two Zero)
- In consideration, TIPL will issue and allot to SIHL 1,04,868 preference shares of TIPL aggregating to 2.021% on fully converted and diluted basis
- Share value: USD 314.40 (United States Dollars Three Hundred and Fourteen point Four Zero) per share
Additionally, SIHL made a primary investment in TIPL:
- Investment amount: USD 1,724,169.60 (United States Dollars One Million Seven Hundred Twenty-Four Thousand One Hundred Sixty Nine point Six Zero)
- Subscription to 5,484 preference shares of TIPL
- Resulting stake: 0.105% of TIPL's issued share capital on fully converted and diluted basis
TIPL has passed directors' and members' resolution in writing for issuance and allotment of shares to SIHL. TIPL is in the process of issuing shares to SIHL and making necessary regulatory filings.
As a result of this transaction, Shop Kirana E Trading Private Limited ceases to be an Associate Company of SIHL.
Board Meeting Outcomes
The Board of Directors had approved this transaction at their meeting held on March 27, 2026, as intimated previously.
Effective Date
Date and time of occurrence of the event: June 30, 2026 at 08:12 p.m. (IST)