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Info Edge India Ltd. ( (IN:NAUKRI) ) has provided an update.
Info Edge (India) Limited’s board has approved a transaction to transfer, via its wholly owned subsidiary Startup Investments (Holding) Limited (SIHL), its entire stake in associate company Agstack Technologies Private Limited (Gramophone) to Akshamaala Solutions Private Limited (Unnati), while simultaneously taking an equity position in Unnati. SIHL’s interest in Gramophone will temporarily increase on an as-converted basis from 39.58% to 50.94% before being fully sold to Unnati for about Rs 91.7 crore, in exchange for preference shares giving SIHL a 15.75% fully diluted stake in Unnati, and SIHL will additionally invest Rs 35 crore as primary infusion into Unnati, raising its total holding to 20.53% (later expected to dilute to 18.48% after Gramophone’s merger into Unnati). As a result, Gramophone will cease to be a subsidiary of SIHL post-closing, and Unnati will become an associate company, indicating a strategic realignment of Info Edge’s agritech investments by consolidating exposure from Gramophone into a larger combined platform under Unnati, with implications for portfolio optimisation and potential scale benefits in the agritech ecosystem.
More about Info Edge India Ltd.
Info Edge (India) Limited is a diversified Indian internet services company best known for operating leading digital platforms such as Naukri.com in online recruitment, along with interests across classifieds, education, and related technology ventures. It invests in and incubates a portfolio of tech-enabled businesses through wholly owned subsidiaries and investment arms, with a focus on high-growth, consumer- and enterprise-facing digital segments in India.
Average Trading Volume: 31,478
Technical Sentiment Signal: Buy
Current Market Cap: 869B INR
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