Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Info Edge India Ltd to invest in Shopkirana

Posted On: 2019-08-16 16:22:34

Info Edge India Ltd has entered into an agreement to invest, through its wholly-owned subsidiary, about Rs. 47 Crore in Shop Kirana E Trading Private Ltd.

Shopkirana is engaged in the business of developing a B2B ecommerce platfonn for ordering, delivery, payments and related products/services among various stakeholders in grocery / FMCG supply chain. Shopkirana helps retailers with simple and efficient M-distribution platform by ensuring the most competitive prices, quick delivery and single sourcing channel for retailers while brands have visibility and direct connect to retailers for promotions or product launch.

As part of company's strategic investments, the acquisition would help the Company to consolidate its presence into the aforesaid line of business within the Internet Services Industry.

The Company has agreed to acquire 2,333, 0.01% Compulsorily Convertible Preference Shares. The aggregate shareholding of the Company, post this investment, in the said entity would be 25.36% on a fully converted & diluted basis.

The consideration to be paid is about Rs. 47 Crore (as part of about Rs 71.4 crore round in which other new and existing investors are in vesting Rs 24.4cr)

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.2185.8 as compared to the previous close of Rs. 2172.6. The total number of shares traded during the day was 4716 in over 1087 trades.

The stock hit an intraday high of Rs. 2197.45 and intraday low of 2119. The net turnover during the day was Rs. 10180115.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

SRG Housing Finance Ltd announces Q1FY20 results

Enabling SMEs to drive the Indian economy to a brighter future

Patel Engineering Ltd - Rights Issue Details

Alphageo India Ltd announces resignation of CFO

Jump Networks Ltd to acquire 1.9 crore shares of OnMobile Global Ltd

NCLT approves merger of Monsanto India Ltd and Bayer CropScience Ltd

Ahmedabad based Arman Financial reports 138% increase in Q1 FY20 profit after tax at Rs. 12.1 crore

Polygenta Technologies Ltd to stop operations temporarily for expansion project

Acuite Ratings upgrade rating of Dynacons Systems & Solutions Ltd

CARE Ratings downgrades rating of Reliance Home Finance Ltd to D

Ind-Ra revises long term issuer rating of Omax Autos Ltd

HUDCO recovers Rs. 253.83 crore

BEML has set up bogie traction motor run test facility for Metro

Info Edge (India) Ltd arm to invest Rs. 4 crore in ShoeKonnect

Bharat Electronics Ltd wins order for Akash Missile Systems for Indian Air Force

ICRA reaffirms rating of GNFC

Wipro Positioned as a leader in the IDC MarketScape for Utilities Customer Experience, Worldwide

CARE reaffirms rating of Arman Financial Services Ltd

TAAL Enterprises Ltd stops charter services temporarily

CARE assigns ratings to Lancor Holdings Ltd

S&P affirms credit rating of Indian Bank, revises outlook to Negative

Zensar to present 'Experience Enterprise Intelligence', platform suite at Oracle OpenWorld 2019

Lupin Receives Health Canada Approval for Propranolol Hydrochloride ER Capsules

APPCB asks Bhagiradha Chemicals & Industries Ltd to stop production

ITD Cementation India Limited has won orders valued over INR 1100 Crores

Bangalore Students emerge as 2nd Runners up of TCS EngiNX 2019

Reliance Capital receives overwhelming response from investors for 3rd OFS of RNAM shares

Opto Circuits India Ltd announces proposal of debt settlement with 3 banks

SEBI levies Rs. 10 lakhs penalty on ICICI Bank for delayed disclosure

Infosys Ltd board to consider Q2, H1 FY2019-20 results, interim dividend on Oct 11, 2019

Havells expanding its fan segment

UK-MHRA reinstates full GMP status for Indoco's Goa Plant I

Tata Elxsi to Demonstrate Streaming Services on Microsoft Azure at IBC 2019

Nila Infrastructures Ltd bags construction contract of Rs. 462.1 million from Dholera Industrial City Development Limited

Bank of Baroda to consider raising debt capital on Sep 18, 2019

Stillwater Insurance Chooses Majesco Claims for P&C on Majesco CloudInsurer™ and Majesco Enterprise Data Warehouse

USFDA inspects Unichem Laboratories' API facility at Roha

J Kumar Infraprojects Ltd receives LoA from MMRDA for Rs. 1998 crore project

Infosys Finacle Digital Banking Suite on Cloud Powers Transformation at Shivalik Bank

ICRA downgrades SICAL Logistics Ltd's ratings to ICRA D

PI executes an offer for acquisition of 100% stake in Isagro (Asia)

STL announces a path-breaking integrated software-defined solution for access networks

Titagarh Firema appoints Mr Luigi Corradi as its new managing director and CEO

CRISIL upgrades rating of Intellect Design Arena Ltd

FFSPL invokes shares of Premier Tissues India Ltd pledged by Ballarpur Industries Ltd

Biocon Licenses Three Generic Formulation Products to China Medical System Holdings

Recyclers Ghana limited enhances production capacity of its Lead Recycling Plant situated at Ghana, West Africa

Grovy India Ltd commences new project at New Delhi

Varun Beverages appoints GEM Enviro Management Pvt Ltd to comply with Plastic Waste Management

Virinchi Ltd approved as L2 by Government of Telangana







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019