IT company Info Edge has infused a sum of Rs 300 crore in Startup Investments. Info Edge is the owner of educational website, Shiksha.com, and other portals.
In a regulatory filing on Saturday, Info Edge, has disclosed that it has put Rs 300 crore in its subsidiary Startup Investments.
Info Edge owns, an educational website, Shiksha.com, an online employment portal, Naukri.com, a marriage website, Jeevansathi.com, a real estate classifieds platform, 99Acres.com, and a workplace discovery platform, AmbitionBox.com.
The corporation owns 100% of Startup Investments (Holding) Ltd (SIHL), a holding and investing organisation.
Info Edge said in the filing, “The present investment would aid SIHL in investigating investment opportunities, including participation in AIF(s) handled by Smartweb Internet Services.”
According to the filing, “The firm has committed to purchase 3 crores of -0.0001 percent Compulsorily Convertible Debentures (CCDs) with a face value of Rs 100 each convertible within a period of not more than 10 years from the date of issuance on permissible terms and circumstances.”