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11-Apr2019

Info Edge invests Rs 140 million in Agstack Technologies

Info Edge (India) has invested through its wholly-owned subsidiary about Rs 140 million in Agstack Technologies. The company has acquired 32,339 - 0.01% Compulsorily Convertible Preference Shares having a face value of Rs 10 each at a premium of Rs 4,319.03 . The aggregate shareholding of the Company, post this investment, in the said entity would be 37.21% on fully converted & diluted basis.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.


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