Corporate Action23 Oct 2026, 12:00 pm
Info Edge Subsidiary Sells Entire Stake in Psila Tech
AI Summary
Info Edge (India) Ltd announced that its wholly-owned subsidiary, Redstart Labs (India) Limited, will reduce its shareholding in Psila Tech Pte. Ltd. to 0% upon completion of a capital reduction transaction. This transaction, governed by an Investment Agreement Termination and Release of Claims Agreement, will result in Psila ceasing to be an indirect investee company of Info Edge. The event occurred on October 23, 2026, at 11:50 a.m. IST.
Key Highlights
- Redstart Labs to exit investment in Psila Tech.
- Psila Tech will no longer be an indirect investee company.
- Transaction involves capital reduction and termination agreement.
- Exit is effective upon completion of the transaction.
Price Impact
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