Divestment27 Aug 2026, 04:30 pm
Info Edge Disinvests Entire Stake in SkyServe Inc.
AI Summary
Info Edge (India) Ltd, through its wholly-owned subsidiary Redstart Labs (India) Ltd, has agreed to sell its entire stake of 555,556 Series Pre-Seed Preferred Stock in SkyServe Inc. for approximately USD 55.55. This transaction represents a complete disinvestment from SkyServe, an investee company focused on satellite-based insights. The repurchase agreement is expected to be finalized within a week, with the transaction completion targeted by September 26, 2026. SkyServe is not a related party, and the transaction is conducted at arm's length.
Key Highlights
- Info Edge to divest entire stake in investee company SkyServe Inc.
- Transaction value approximately USD 55.55 for 5.55% stake.
- Disinvestment to be completed by September 26, 2026.
- No impact on consolidated financial results as SkyServe is not consolidated.
- Transaction is at arm's length and not a related party transaction.
Price Impact
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