Info Edge India Ltd has entered into an agreement to invest about Rs.5 Cr in Terralytics Analysis Private Limited.
Terralytics is engaged in the business of developing real estate intelligence and analytics platform for sale to banks, developers, consulting firms, etc. for diligence, information and other purposes.
As part of Company's strategic investments, the investment would help the Company to further strengthen its position in the real estate technology segment.
The Company has agreed to acquire 14,285 Series Seed Compulsorily Convertible Preference Shares and Ordinary Share. The aggregate shareholding of the Company, post this investment, in the said entity would be 20% on fully converted & diluted basis.
Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.2523.15 as compared to the previous close of Rs. 2487.75. The total number of shares traded during the day was 3354 in over 703 trades.
The stock hit an intraday high of Rs. 2571 and intraday low of 2474.8. The net turnover during the day was Rs. 8474559.