Info Edge (India) Limited’s Board of Directors has approved the divestment of its entire stake in Medcords Healthcare Solutions Private Limited (14.18%) and Unnati Online Private Limited (31.64%) through its subsidiary Startup Investments (Holding) Limited. Concurrently, the company will invest approximately ₹150 crores in its wholly-owned subsidiary, Redstart Labs (India) Limited. The board also approved the reconstitution of the Audit Committee.
Info Edge Board Approves Key Strategic Moves
At its meeting on October 28, 2026, the Board of Directors of Info Edge (India) Limited approved several significant strategic decisions. These include the divestment of its complete holdings in two key investee companies and a substantial investment in one of its own subsidiaries.
Divestment of Stakes
Medcords Healthcare Solutions Private Limited
Info Edge will divest its entire holding of 14.18% in Medcords Healthcare Solutions Private Limited. This divestment will be executed through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). A provision for the full amount of this investment’s impairment was booked in FY 2023-24. Following this transaction, Medcords will no longer be an associate company of Info Edge. The agreement for sale is expected to be entered into within 30 days, with the sale completion anticipated by January 27, 2027, for consideration of about ₹5,000 crores.
Unnati Online Private Limited
Similarly, Info Edge will divest its entire stake of 31.64% (excluding ESOP Pool) in Unnati Online Private Limited, also through SIHL. A provision for impairment of the full investment amount was booked in FY 2019-20. Post-divestment, Unnati Online will cease to be an associate company. The agreement for sale is anticipated within 30 days of the Board’s approval, with completion expected by January 27, 2027, for a consideration of about ₹5,000 crores.
Investment in Redstart Labs (India) Limited
Info Edge has approved an investment of approximately ₹150 crores in Redstart Labs (India) Limited, a wholly-owned subsidiary of the Company. This investment is intended for working capital requirements, exploring investment opportunities, and other general corporate purposes. Redstart Labs is engaged in the business of direct or indirect investments in tech companies and providing internet services.
Audit Committee Reconstitution
Basis the recommendation of the Nomination & Remuneration Committee, the Audit Committee (AC) has been reconstituted. Mr. Naresh Chand Gupta has been inducted as a member of the Committee, effective from October 29, 2026. The committee now comprises Mr. Sanjiv Sachar (Chairman), Ms. Geeta Mathur (Member), Ms. Radha Rajappa (Member), and Mr. Naresh Chand Gupta (Member).
Source: BSE
