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Info Edge invests Rs 3.43 crore in Rare Media Company

Info Edge (India) through its wholly-owned subsidiary has invested about Rs 3.43 crore in Rare Media Company. The company has acquired 342,696 Series 'B' Compulsorily Convertible Preference Shares having face value of Rs 100 each. The aggregate shareholding of the company, post this investment, in the said entity would be 43.86% on fully converted & diluted basis.

Rare Media is engaged in building the future of work using pioneering technology. The company's products under the 'Blue Dolphin' brand lie at the intersection of IoT and analytics. Catering to a diverse clientele which includes industry stalwarts from verticals such as health care, retail, hospitality among many more, the products are designed to make employee attendance and field force management more effective.

Info Edge (India) owns one of the leading job portals 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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