ICICI Prudential Mutual Fund has crossed the 5% shareholding threshold in Info Edge (India) Ltd following a substantial acquisition of shares on February 23, 2026. The development was disclosed to BSE Limited on February 24, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The mutual fund acquired 10,77,948 shares of Info Edge through open market purchases on February 23, 2026. This net acquisition represents 0.17% of the company's total paid-up capital and resulted in the fund's shareholding exceeding the 5% regulatory threshold.

Company Share Capital Structure

Info Edge's equity share capital remains unchanged at ₹ 1,29,68,41,200, comprising 64,84,20,600 shares with a face value of ₹2 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Investment Perspective

ICICI Prudential Asset Management Company Limited, through authorized signatory Prashant Bhola, clarified that the shareholding across various schemes and investment strategies is maintained purely from an investment perspective. The fund explicitly stated that the acquisition is not aimed at seeking any controlling interest in Info Edge.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting when shareholding crosses the 5% threshold. The fund confirmed it does not belong to the promoter or promoter group of Info Edge.

The acquisition reflects institutional confidence in Info Edge's business prospects, with ICICI Prudential Mutual Fund now holding a significant stake in the company through its diversified investment strategies.

Info Edge (India) Limited has successfully completed a significant corporate restructuring transaction involving its wholly-owned subsidiary and portfolio companies. The transaction, executed on February 19, 2026, represents a strategic realignment of the company's investment portfolio in the agri-tech sector.

Transaction Structure and Financial Details

The transaction involves two key components executed by Startup Investments (Holding) Limited (SIHL), Info Edge's wholly-owned subsidiary. The deal structure demonstrates a comprehensive approach to portfolio optimization and strategic investment.

Shareholding and Corporate Structure

The transaction results in a strategic shareholding arrangement that positions SIHL as a significant stakeholder in Unnati. The shareholding structure reflects careful planning for future corporate actions.

Settlement Mechanism

The transfer of Gramophone shares to Unnati has been structured as a share-for-share transaction. SIHL received 49,145 preference shares of Unnati valued at INR 18,661 per share in full and final settlement for the Gramophone stake transfer. This mechanism ensures seamless transition while maintaining strategic alignment between the entities.

Associate Company Status and Future Plans

Following the transaction, Unnati qualifies as SIHL's associate company due to the 20.53% shareholding. This status will continue until the completion of the planned merger between Gramophone and Unnati. The merger is expected to result in all Gramophone shareholders becoming Unnati shareholders, which will dilute SIHL's stake to 18.48%.

Regulatory Compliance and Timeline

The transaction was initially approved by Info Edge's Board of Directors on January 3, 2026, and completed on February 19, 2026, at 12:53 p.m. IST. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.