Info Edge (India) Limited has announced an investment of approximately Rs. 5 crores in its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). The funds will be deployed through the acquisition of 2,33,535 Compulsorily Convertible Debentures (CCDs). This strategic move is designed to bolster SIHL’s capital base, enabling the entity to explore new investment opportunities and contribute to alternative investment funds, further aligning with the company’s long-term growth strategy.
Investment Details
During the meeting held on April 27, 2026, the Committee of Executive Directors approved a cash investment of about Rs. 5 crores into Startup Investments (Holding) Limited (SIHL). The transaction involves the subscription to 2,33,535 Compulsorily Convertible Debentures (CCDs), issued at a price of Rs. 214.10 per unit, which includes a premium of Rs. 114.10 per CCD.
Strategic Rationale
SIHL functions as a key vehicle for the company’s investment activities in the tech sector. This capital injection is intended to empower SIHL to actively pursue and explore new investment opportunities, including potential contributions to Alternative Investment Funds (AIFs). The acquisition is expected to be completed within 30 days of the approval.
Target Entity Overview
SIHL was incorporated on March 4, 2015, and remains a 100% owned subsidiary of Info Edge. As of March 31, 2025, the subsidiary reported a net worth of Rs. (209.50) crores and a Profit After Tax (PAT) of Rs. 0.86 crore. The investment is classified as a related party transaction conducted on an arm’s length basis, with no interest held by the promoter or promoter group in the specific funds being deployed.
Source: BSE
