Startup Investments (Holding) Ltd. ("SIHL"), a wholly-owned subsidiary of Info Edge (India) Ltd has agreed to invest about Rs. 4 Crores in Printo Document Services Private Limited.
Printo is a print-on-demand platform for personal and business print and corporate merchandise in India. The Company provides business cards, business stationary, ID cards/accessories, flyers/leaflets, posters, standees, brochures, signage, stickers, calendars and diaries; gift products; personalized greeting cards; photo books; Tshirts and apparel; and marketing collaterals. It retails its products online and via retail stores.
This follow on investment by the Company through SIHL is in furtherance of Company's investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term.
SIHL has agreed to acquire 1,870 - 0.01% Compulsorily Convertible Preference Shares as primary acquisition of shares. The aggregate shareholding of the Company through SIHL, post this investment, in the said entity would be 21.73% on fully converted & diluted basis.
Shares of Info Edge (India) Limited was last trading in BSE at Rs. 3656.35 as compared to the previous close of Rs. 3648.05. The total number of shares traded during the day was 9977 in over 2106 trades.
The stock hit an intraday high of Rs. 3722.55 and intraday low of 3612.40. The net turnover during the day was Rs. 36500975.00.