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Stock Report
Info Edge India Ltd to invest in Smartweb Internet Services Ltd and Startup Investments Holding Ltd
Posted On : 2025-11-26 18:41:46( TIMEZONE : IST )
Info Edge India Ltd in its meeting of Committee of Executive Directors held today i.e. on November 26, 2025 has agreed to invest an amount of Rs. 5 Crores in Smartweb Internet Services Limited and about Rs. 70 Crores in Startup Investments (Holding) Limited, (wholly-owned subsidiaries of the Company)
The Company already holds 100% stake in Smartweb directly, and through Startup Investments (Holding) Limited, a wholly owned subsidiary of the Company, on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of making this investment.
Smartweb is engaged in the business of providing all kinds of internet services and to act as investment advisor, financial consultant, management consultant, investment manager and/or sponsor of alternative investment fund(s).
The Company has agreed to acquire 5,00,000-0.0001% Compulsorily Convertible Debentures ("CCDs") having face value of Rs. 100/- each. Post this investment, Smartweb remains the wholly-owned subsidiary of the Company.
The Company already holds 100% stake in SIHL directly, and through Naukri Internet Services Ltd., a wholly owned subsidiary of the Company, on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of making this investment.
The Company has agreed to acquire 2,916,666 Compulsorily Convertible Debentures ("CCDs") at an issue price of Rs. 240/- each including premium of Rs. 140/- per CCD. Post this investment, SIHL remains the wholly-owned subsidiary of the Company.
SIHL was incorporated on March 4, 2015 and is engaged mainly in direct or indirect investments in tech companies and related activities including investment in AIF.
