Info Edge Announces Rs. 15 Crores Investment in Wholly-Owned Subsidiary SIHL

1 min read     Updated on 23 Mar 2026, 11:25 AM
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Overview

Info Edge (India) Limited has approved a Rs. 15 crores investment in its wholly-owned subsidiary Startup Investments (Holding) Limited (SIHL) through the acquisition of 7,00,607 compulsorily convertible debentures at Rs. 214.10 each. The decision was made by the Committee of Executive Directors on March 23, 2026, with completion expected within 30 days. SIHL, incorporated in 2015, specializes in tech company investments and AIF activities, reporting nil turnover but positive PAT of Rs. 0.86 crores as of March 31, 2025. The cash consideration transaction aims to enhance SIHL's investment capabilities while maintaining its wholly-owned subsidiary status.

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*this image is generated using AI for illustrative purposes only.

Info Edge (India) Limited has announced a strategic investment of Rs. 15 crores in its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL). The investment decision was approved by the Company's Committee of Executive Directors during a meeting held on March 23, 2026.

Investment Structure and Details

The investment involves acquiring compulsorily convertible debentures (CCDs) in SIHL through a cash consideration structure. The transaction details are outlined below:

Parameter: Details
Investment Amount: Rs. 15 crores
Securities Type: Compulsorily Convertible Debentures (CCDs)
Number of CCDs: 7,00,607
Issue Price per CCD: Rs. 214.10
Premium per CCD: Rs. 114.10
Completion Timeline: Within 30 days from approval

About Startup Investments (Holding) Limited

SIHL was incorporated on March 4, 2015, and operates as a wholly-owned subsidiary of Info Edge. The company is primarily engaged in direct and indirect investments in technology companies and related activities, including investments in Alternative Investment Funds (AIFs).

Financial Performance Overview

The subsidiary's financial position as of March 31, 2025, reflects its investment-focused business model:

Financial Metric: Amount (Rs. in crores)
Turnover: Nil
Profit After Tax (PAT): 0.86
Net Worth: (209.50)

Historical Turnover Performance

SIHL's turnover history over the past three years demonstrates its specialized investment focus:

Year: Turnover (Rs. in crores)
2024-25: Nil
2023-24: Nil
2022-23: Nil

Transaction Rationale and Impact

The investment aims to strengthen SIHL's capacity to explore various investment opportunities, including contributions to AIFs and other general corporate purposes. As SIHL operates in the technology investment sector, this capital infusion aligns with Info Edge's broader investment strategy in the tech ecosystem.

Regulatory and Compliance Aspects

The transaction qualifies as a related party transaction since SIHL is a wholly-owned subsidiary of Info Edge. However, the company has confirmed that promoters, promoter groups, or group companies have no specific interest in this investment. The transaction is being conducted on an arm's length basis, ensuring compliance with regulatory requirements.

No governmental or regulatory approvals are required for this acquisition, streamlining the implementation process. The investment maintains SIHL's status as a wholly-owned subsidiary of Info Edge post-transaction.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
-0.45%+2.25%-9.40%-29.23%-28.92%+4.08%

Info Edge Appoints Sudeep Shrivastava as Senior Vice President and Head Legal

1 min read     Updated on 22 Mar 2026, 01:19 PM
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Reviewed by
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Overview

Info Edge (India) Limited has appointed Mr. Sudeep Shrivastava as Senior Vice President and Head Legal, effective March 23, 2026, following board approval on March 22, 2026. Mr. Shrivastava brings 14 years of legal experience from companies including TaskUs India, Bharti Infratel, Reliance Jio, Vodafone Mobile Services, and Myntra Jabong. He holds a B.A LL.B with honours from National Law University, Lucknow, and previously served as Senior Director Legal at TaskUs India, overseeing operations across India, South East Asia, and growth regions.

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*this image is generated using AI for illustrative purposes only.

Info Edge (India) Limited has announced the appointment of Mr. Sudeep Shrivastava as Senior Vice President and Head Legal and Senior Management Personnel, effective March 23, 2026. The appointment was approved by the Board of Directors through a resolution passed by circulation on March 22, 2026, following recommendation and approval from the Nomination and Remuneration Committee.

Board Approval and Regulatory Compliance

The company informed stock exchanges about the appointment pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board approval was received at 01:02 p.m. (IST) on March 22, 2026.

Parameter: Details
Appointment Date: March 23, 2026
Board Approval Date: March 22, 2026
Position: Senior Vice President and Head Legal
Approval Time: 01:02 p.m. (IST)

Professional Background and Experience

Mr. Sudeep Shrivastava brings extensive legal expertise to Info Edge, with approximately 14 years of experience spanning diverse industries and multiple countries. Prior to joining the company, he served as Senior Director Legal for TaskUs India Pvt. Ltd., where he oversaw legal support for operations across multiple jurisdictions including India, South East Asia, and growth regions.

Educational Qualifications and Career History

Mr. Shrivastava holds a B.A LL.B with honours from National Law University, Lucknow. His professional journey includes significant legal roles at several prominent organizations:

  • TaskUs India Pvt. Ltd. - Senior Director Legal
  • Bharti Infratel Limited - Legal role
  • Reliance Jio Limited - Legal role
  • Vodafone Mobile Services Limited - Legal role
  • Myntra Jabong Private Limited - Legal role

Regulatory Disclosure

The appointment details have been disclosed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has also uploaded this intimation on its website at www.infoedge.in for public access. The disclosure was signed by Company Secretary and Compliance Officer Jaya Bhatia and communicated to both the National Stock Exchange of India Limited and BSE Limited.

Historical Stock Returns for Info Edge

1 Day5 Days1 Month6 Months1 Year5 Years
-0.45%+2.25%-9.40%-29.23%-28.92%+4.08%

More News on Info Edge

1 Year Returns:-28.92%