Info Edge Invests ₹10 Cr in Wholly-Owned Subsidiary SIHL

Info Edge (India) Ltd announced an investment of approximately ₹10 Crores in its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). The investment, made via cash consideration, will enable SIHL to explore investment opportunities, including contributions to Alternative Investment Funds (AIFs) and other general purposes. SIHL, incorporated in 2015, is primarily engaged in direct or indirect investments in tech companies and related activities. The transaction is considered a related party transaction as SIHL is a wholly-owned subsidiary, but it has been conducted on an arm's length basis. Promoter/Promoter Group/Group Companies have no interest in this investment. The acquisition of 3,357,958 Equity Shares is expected to be completed within 30 days.