Acquisitions18 Jul 2025, 10:07 am
Info Edge to Transfer Stake in Shopkirana to Hiveloop E- Commerce for USD 23.13 Million
AI Summary
Info Edge (India) Ltd has agreed to transfer its entire stake in Shopkirana E Trading Private Limited to Hiveloop E- Commerce Private Limited, a subsidiary of Trustroot Internet Private Limited. The deal is valued at approximately USD 23.13 Million, with Info Edge receiving 1,68,70,568 shares of HEPL, amounting to about 0.91% on fully converted and diluted basis. The transfer is subject to completion of various conditions precedent.
Key Highlights
- Info Edge to transfer entire stake in Shopkirana to Hiveloop E- Commerce
- Deal valued at approximately USD 23.13 Million
- HEPL to issue 1,68,70,568 shares to Info Edge's subsidiary
- Transaction subject to completion of various conditions precedent