Info Edge (India) Ltd. to Invest Rs. 30 Crores in Wholly-Owned Subsidiary Startup Investments (Holding) Ltd.

Info Edge (India) Ltd. has agreed to invest approximately Rs. 30 Crores in its wholly-owned subsidiary, Startup Investments (Holding) Ltd. (SIHL). The transaction is expected to be completed within 30 days from the approval and will be done at an arm's length basis. The investment will be made in the form of 14,01,214 0.0001% Compulsorily Convertible Debentures (CCDs) at an issue price of Rs. 214.10 each, including a premium of Rs. 114.10 per CCD. Post this investment, SIHL will remain the wholly-owned subsidiary of the Company. SIHL, incorporated on March 4, 2015, is engaged mainly in direct or indirect investments in tech companies and related activities including investment in AIF. The last three years turnover of SIHL is not provided in the document.