Info Edge (India) has planned to invest an amount of Rs 30 crore in Redstart Labs (India) (Redstart), wholly-owned subsidiary of the Company. The Company already holds 100% stake in Redstart on a fully converted and diluted basis. Accordingly, it is a wholly-owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of making this investment.
This investment is being done to meet the capital requirements, explore investment opportunities and other general purposes.
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.
Company Name | CMP |
---|---|
Quess Corp | 699.00 |
eClerx Services | 2840.40 |
Info Edge | 7654.75 |
CMS Info Systems | 567.45 |
Affle (India) | 1471.15 |
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