Investment8 Feb 2024, 12:11 am
Info Edge (India) Ltd. to invest Rs. 500 crore in subsidiary Startup Investments (Holding) Limited
AI Summary
Info Edge (India) Ltd. has announced that its wholly-owned subsidiary Naukri Internet Services Limited (NISL) has agreed to invest Rs. 500,031,330 in its fellow subsidiary Startup Investments (Holding) Limited (SIHL) to explore investment opportunities and contribute to Alternative Investment Funds (AIFs). The investment will be done at arm's length and is expected to be completed within 30 days from the approval.,
Key Highlights
- Info Edge (India) Ltd. to invest Rs. 500 crore in subsidiary Startup Investments (Holding) Limited
- NISL to acquire 3,210 equity shares of SIHL for Rs. 500,031,330
- SIHL engaged in the business of being a holding and investment company
- Acquisition to help SIHL explore investment opportunities and contribute to AIFs