Acquisitions6 Nov 2025, 06:21 pm
Info Edge (India) Ltd Subsidiary to Partially Divest Stake in NoPaperForms Solutions Limited
AI Summary
Info Edge (India) Ltd announced that its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL), will partially divest its stake in NoPaperForms Solutions Limited (Meritto) through an Offer for Sale (OFS) and dilution from the primary issuance of equity shares. The proposed IPO aims to reduce SIHL's holding in Meritto to below 25% of the total paid-up capital upon successful completion. The IPO is subject to market conditions, regulatory approvals, and other considerations.
Key Highlights
- Info Edge (India) Ltd's subsidiary, Startup Investments (Holding) Limited, to partially divest stake in NoPaperForms Solutions Limited
- Partial divestment through Offer for Sale (OFS) and dilution from primary issuance of equity shares
- Proposed IPO aims to reduce SIHL's holding in Meritto to below 25% of the total paid-up capital
- Subject to market conditions, regulatory approvals, and other considerations
- NoPaperForms Solutions Limited to file relevant offer documents with authorities