Info Edge (India) Ltd. Announces Contribution Agreement with A88 Fund I and Transfer of Shopkirana Stake to Trustroot Internet Private Limited

Info Edge (India) Ltd. has approved a contribution agreement with A88 Fund I, a scheme launched by A88 Trust, to commit up to Rs. 250 crore. The company also agreed to transfer its entire shareholding in Shopkirana E Trading Private Limited to Trustroot Internet Private Limited. In addition, SIHL, a subsidiary of the company, is proposing to invest about USD 1,724,169.60 in Trustroot Internet Private Limited by way of primary infusion. These transactions are subject to completion of various conditions precedent and will be undertaken in accordance with the terms of definitive agreements and subject to clearance from authorized dealer bank.