Info Edge (India) Limited has announced a strategic infusion of Rs. 10 crores into its wholly-owned subsidiary, Smartweb Internet Services Limited. The investment will be executed through the acquisition of 10,00,000 Compulsorily Convertible Debentures (CCDs) at a face value of Rs. 100 each. This capital injection is designed to meet Smartweb’s internal funding requirements and bolster its financial position, supporting its ongoing operations in internet services and financial consultancy.
Boosting Subsidiary Financials
On April 17, 2026, the Committee of Executive Directors approved a fresh investment of Rs. 10 crores into Smartweb Internet Services Limited. As a wholly-owned subsidiary, Smartweb remains a core part of the Info Edge ecosystem. The current financial move serves as a growth catalyst, providing the necessary liquidity to strengthen the subsidiary’s financial standing and operational efficiency.
Details of the Acquisition
The investment will be completed via a cash-based transaction involving 10,00,000 Compulsorily Convertible Debentures (CCDs). Each debenture is valued at a face value of Rs. 100. The company expects to complete the formalities of this acquisition within 30 days of the approval date. Smartweb continues to operate as a fully-owned entity, with Info Edge maintaining full control over the firm.
Operational Context
Smartweb has consistently maintained a presence in the Indian internet services and consultancy sector. As of March 31, 2025, the entity reported a turnover of Rs. 41.39 crores, a Profit After Tax (PAT) of Rs. 5.03 crores, and a net worth of Rs. 60.91 crores. Over the last three fiscal years, the entity has demonstrated varied financial performance, with revenues recorded at Rs. 41.39 crores (FY 2024-25), Rs. 34.88 crores (FY 2023-24), and Rs. 44.29 crores (FY 2022-23).
Source: BSE
