Investment19 Nov 2024, 10:48 pm
Info Edge India to Invest Rs. 3 Crores in Step Down Subsidiary NewInc Internet Services
AI Summary
In a recent development, Info Edge (India) Ltd. has agreed to invest an amount of Rs. 3 Crores in NewInc Internet Services Private Limited, a step down wholly owned subsidiary of the Company. The investment is aimed at meeting working capital requirements and other general corporate purposes of NewInc. NewInc is engaged in the business of providing all kinds and types of internet, computer and electronics data processing services.
Key Highlights
- Info Edge India to invest Rs. 3 Crores in its step down subsidiary, NewInc Internet Services
- Investment aimed at meeting working capital requirements and other general corporate purposes of NewInc
- NewInc is engaged in the business of providing internet, computer and electronics data processing services