Acquisitions3 Jan 2026, 08:52 pm
Info Edge to Transfer Stake in Agstack Technologies to Akshamaala Solutions for INR 91,70,97,305.35
AI Summary
Info Edge (India) Ltd has agreed to transfer its entire stake held in Agstack Technologies Private Limited through its subsidiary to Akshamaala Solutions Private Limited. The transaction is valued at INR 91,70,97,305.35 and is subject to certain condition precedents. Post-transaction, Agstack Technologies will cease to be a subsidiary of Info Edge's subsidiary.
Key Highlights
- Transfer of 50.94% stake in Agstack Technologies to Akshamaala Solutions for INR 91,70,97,305.35
- Agstack Technologies to become a subsidiary of Akshamaala Solutions post-transaction
- Transaction subject to certain condition precedents
- Agstack Technologies contributes 2.52% to the turnover of Info Edge
- Info Edge to invest INR 35,00,00,000 in Akshamaala Solutions through primary infusion