Investment15 Jul 2025, 01:45 pm
Info Edge (India) Ltd. to Invest Rs. 25 Crores in Subsidiary Startup Investments (Holding) Ltd.
AI Summary
In a recent development, Info Edge (India) Ltd. has agreed to invest approximately Rs. 25 Crores in its wholly owned subsidiary, Startup Investments (Holding) Limited (SIHL). The investment will be utilized for exploring investment opportunities, including contribution to AIF(s) and other general purposes. SIHL, incorporated on March 4, 2015, is primarily engaged in direct or indirect investments in tech companies and related activities including investment in AIF. The transaction is done at arm's length and does not involve any interest from the promoters of the company. The investment is expected to be completed within 30 days from the approval.
Key Highlights
- Info Edge (India) Ltd. to invest approximately Rs. 25 Crores in Startup Investments (Holding) Limited (SIHL).
- SIHL is a wholly owned subsidiary of the company and is primarily engaged in direct or indirect investments in tech companies and related activities including investment in AIF.
- The investment is expected to be utilized for exploring investment opportunities, including contribution to AIF(s) and other general purposes.
- The transaction is done at arm's length and does not involve any interest from the promoters of the company.
- The investment is expected to be completed within 30 days from the approval.