Info Edge Divests Medcords, Unnati Online; Invests ₹150 Cr in Redstart

Info Edge (India) Ltd's Board of Directors has approved the divestment of its entire stake in Medcords Healthcare Solutions Private Limited (14.18%) and Unnati Online Private Limited (31.64%) through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). Provisions for impairment of the full investment amounts were previously booked for both entities. Consequently, Medcords will cease to be a Joint Venture, and Unnati Online will no longer be an Associate Company. Additionally, the company will invest approximately ₹150 crores in its wholly-owned subsidiary, Redstart Labs (India) Limited. The Board also approved the reconstitution of the Audit Committee, inducting Mr. Naresh Chand Gupta as a member.