Info Edge (India) has approved investment of Rs 30 crore in Redstart Labs (India), wholly-owned subsidiary of the company. The Company has agreed to acquire 3,000,000 Compulsorily Convertible Debentures (CCDs) having face value of Rs. 100/- each. Post this investment, Redstart remains the wholly-owned subsidiary of the company.Redstart is engaged in the business of direct or indirect investments in tech companies and providing all types of Internet services, development of software, consultancy, technical support for consumer companies, internet or SAAS providers, and any other services in the area of information technology and product development. Powered by Capital Market - Live News

Info Edge (India) will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live News

Net profit of Info Edge (India) rose 46.85% to Rs 232.90 crore in the quarter ended June 2024 as against Rs 158.60 crore during the previous quarter ended June 2023. Sales rose 8.11% to Rs 676.71 crore in the quarter ended June 2024 as against Rs 625.95 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales676.71625.95 8 OPM %30.9628.84 - PBDT355.09240.45 48 PBT329.39216.71 52 NP232.90158.60 47 Powered by Capital Market - Live News

Info Edge (India) will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live News

Info Edge (India) announced that its wholly owned subsidiary, Startup Investments (Holding) has agreed to invest about Rs 3.23 crore in Printo Document Services. 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.SIHL has agreed to acquire 4,375 � 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 28.82% on fully converted & diluted basis. Powered by Capital Market - Live News