Info Edge Invests ₹40 Cr in Subsidiary SIHL
Info Edge (India) Ltd announced an investment of approximately ₹40 Crores in Startup Investments (Holding) Limited (SIHL), a wholly-owned subsidiary. The investment, made via Compulsorily Convertible Debentures, will enable SIHL to explore investment opportunities, including contributions to Alternative Investment Funds (AIFs). 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 is expected to be completed within 30 days.
Key Highlights
- Info Edge invests ₹40 Cr in wholly-owned subsidiary SIHL.
- Investment to fund SIHL's exploration of investment opportunities.
- Transaction is a related party deal conducted on arm's length basis.
- SIHL focuses on tech investments and AIF contributions.
- Completion expected within 30 days.
Price Impact
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