Info Edge (India) Limited announced on March 23, 2026, that its Executive Directors Committee approved an investment of approximately Rs. 15 Crores into Startup Investments (Holding) Limited (“SIHL”), a wholly-owned subsidiary. This funding aims to support SIHL’s mandate of exploring technology investment opportunities, including contributions to AIFs. The transaction involves the acquisition of 7,00,607 Compulsorily Convertible Debentures (CCDs).
Investment Approval in Wholly-Owned Subsidiary
On March 23, 2026, Info Edge (India) Limited confirmed the approval to infuse capital into its subsidiary, Startup Investments (Holding) Limited (“SIHL”). The Committee of Executive Directors agreed to invest about Rs. 15 Crores into SIHL, which is a wholly-owned subsidiary of the Company.
Target Entity Details (SIHL)
The target entity, SIHL, was incorporated on March 4, 2015, and operates primarily in direct or indirect investments in technology companies and related activities, including managing investments in Alternative Investment Funds (AIFs).
Financial Snapshot (as on March 31, 2025)
- Turnover: Nil
- Profit After Tax (PAT): 0.86 Rs. Crores
- Networth: (209.50) Rs. Crores
The turnover for the last three reported financial years (2022-23, 2023-24, and 2024-25) was consistently reported as Nil.
Transaction Structure and Rationale
The primary objective of this investment is to enable SIHL to explore investment opportunities, including making contributions to AIF(s), and cover general corporate purposes.
Acquisition Terms
- Consideration Type: Cash Consideration.
- Cost/Price: Approximately Rs. 15 Crores.
- Securities Acquired: The Company agreed to acquire 7,00,607 Compulsorily Convertible Debentures (“CCDs”).
- Issue Price per CCD: Rs. 214.10/-, which includes a premium of Rs. 114.10/- per CCD.
- Completion Timeline: The acquisition is expected to be completed within 30 days from the date of approval.
Related Party Disclosure
The transaction falls under the category of a related party transaction because the Company already holds a 100% stake in SIHL, both directly and through its subsidiary, Naukri Internet Services Ltd. It was confirmed that the Promoter/Promoter Group/Group Companies have no interest in this specific investment. Furthermore, the transaction is confirmed to be executed on an Arm’s Length basis.
Source: BSE
