Info Edge (India) Ltd

💰 Info Edge Invests ₹10 Crores in Subsidiary Smartweb via CCDs

• Investment of ₹10 crores in wholly-owned subsidiary Smartweb Internet Services Limited

• Purchase of 10 lakh Compulsorily Convertible Debentures (CCDs) at ₹100 each

• Smartweb provides internet services, investment advisory, financial and management consulting

• Funds will support Smartweb’s financial requirements and strengthen its operations

• Smartweb was incorporated on September 23, 2015 and remains a 100% subsidiary