Corporate actions13 Oct 2026 · Tue
NAUKRIInfo Edge (India)
Info Edge's board approves ₹200 crore of investment in two wholly owned subsidiaries
Info Edge's board approved investing ₹200 crore in two wholly owned subsidiaries, ₹100 crore each, to be released in stages over a year.
Price, Tuesday's close₹1,223.00▲ 1.59%
Last 5 days
52-week low ₹908.3052-week high ₹1,419.90
- Sector
- Internet and classifieds
What happened
- Info Edge's board approved an investment of ₹200 crore in two wholly owned subsidiaries, Startup Internet Services and Startup Investments (Holding), ₹100 crore in each, according to HDFC Sky and Whalesbook.
- In the first stage Startup Internet Services will receive ₹20 crore, for 2 crore equity shares of ₹10 each, and Startup Investments (Holding) ₹25 crore. The remaining ₹80 crore and ₹75 crore will follow in tranches within a year,.
- The money is meant to support the subsidiaries' investments, including contributions to alternative investment funds (AIFs), according to HDFC Sky and Whalesbook.
- The shares closed at ₹1,223, up 1.59%.
Why it matters
Good to know: Money moved from a parent to its own subsidiary stays inside the group.
Key facts
- Total approved
- ₹200 crore (₹100 crore each)
- First stage
- ₹20 crore and ₹25 crore
- Balance
- ₹80 crore and ₹75 crore within a year
Read the source
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