Info Edge (India) Limited announced plans to invest Rs. 10 Crores in Smartweb Internet Services Limited, a wholly-owned subsidiary of the company. The investment, which was agreed upon during a meeting of the Committee of Executive Directors on April 17, 2026, aims to strengthen the finances and meet the fund requirements of Smartweb.
Smartweb Internet Services Limited is engaged in the business of providing diverse internet services. Its operations include acting as an investment advisor, financial consultant, management consultant, investment manager, and/or sponsor of alternative investment funds.
The investment details confirm that the company already holds a 100% stake in Smartweb. Since the transaction is carried out at an arm's length basis, the investment falls under the category of a related party transaction.
Key Transaction and Entity Details
The following table summarizes the material facts of the investment:| Detail | Information |
|---|---|
| Target Entity | Smartweb Internet Services Limited |
| Smartweb Address | Ground Floor, 12 A, 94, Meghdoot, Nehru Place, New Delhi - 110019 |
| Industry | Internet services, financial consulting, and investment management |
| Investment Amount | Rs. 10 Crores (Cash Consideration) |
| Securities Acquired | 10,00,000-0.0001% Compulsorily Convertible Debentures (CCDs) |
| Face Value of CCDs | Rs. 100 each |
| Acquisition Cost | Rs. 10 Crores |
| Expected Timeline | Within 30 days from the approval |
The purpose of the investment is to enable Smartweb to meet its immediate fund requirements, thereby further strengthening its financial standing.
Smartweb Internet Services Limited was incorporated on September 23, 2015, and continues to operate as the wholly-owned subsidiary of Info Edge (India) Limited. The acquisition will be completed within 30 days following the necessary approval.
NAUKRI Stock Price Movement
Info Edge (India) Limited shares are edging higher to ₹1049.55 as of 11:58 AM today, gaining 0.18% in live trading. The stock maintains considerable liquidity, trading on a volume of 434,961 shares so far in the session.Source:
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