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Info Edge infuses Rs 300Cr in Startup Investments

YourStory LogoYourStory1 mo ago

Info Edge infuses Rs 300Cr in Startup Investments - YourStory

Quick Summary:

Info Edge holds a 100 percent stake in SIHL which is a holding and investment company.

"The company has agreed to acquire 3 crores -0.0001 percent Compulsorily Convertible Debentures (CCDs) having face value of Rs 100 each convertible within a period not exceeding 10 years, at any time from the date of allotment on agreed terms and conditions," the filing said.

Info Edge mentioned it is making a cash investment of Rs 300 crore immediately.


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Article Details

Author / Journalist: Press Trust of India ( )

Category: StartupsEconomy

Topics: Holds Edge Sihl Stake Investment Percent Filing Info Holding Company Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-14, 05:18:49

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Reading Time: 1 minutes read

Article Length: 135 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 136542

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About YourStory

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Main Topics: StartupsEconomy

Official Website: yourstory.com

Update Frequency: 14 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #44

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