Info Edge (India) Limited announced that its wholly-owned subsidiary, Redstart Labs (India) Limited, will reduce its stake in Psila Tech Pte. Ltd. to 0%. This follows a capital reduction by Psila Tech and the execution of an Investment Agreement Termination and Release of Claims Agreement. Consequently, Psila Tech will cease to be an indirect investee company of Info Edge.
Info Edge Subsidiary Exits Investment in Psila Tech
Info Edge (India) Limited has disclosed a significant change concerning its investment in Psila Tech Pte. Ltd. The company’s wholly-owned subsidiary, Redstart Labs (India) Limited, which held a 13.38% stake in Psila Tech on a fully diluted basis, is set to reduce this shareholding to 0%. This action stems from a capital reduction initiated by Psila Tech.
Transaction Details and Impact
The reduction in shareholding is a result of a ‘Transaction’ undertaken by Psila Tech. In connection with this, Redstart Labs will enter into an Investment Agreement Termination and Release of Claims Agreement with Psila Tech and its other shareholders. Upon completion of this Transaction, Redstart’s entire shareholding in Psila Tech will be extinguished. As a direct consequence, Psila Tech will no longer be considered an indirect investee company of Info Edge (India) Limited.
This intimation was made public on October 23, 2026, at 11:50 a.m. IST and is also available on the company’s website at www.infoedge.in.
Source: BSE
