Info Edge announced that its Board of Directors has approved a strategic restructuring involving the transfer of its entire stake in Agstack Technologies Private Limited (Gramophone) to Akshamaala Solutions Private Limited (Unnati). The decision was taken at a board meeting held on January 3, 2026, following recommendations from the Audit Committee.

Transaction Structure and Financial Details

The comprehensive deal involves Startup Investments (Holding) Limited (SIHL), Info Edge's wholly-owned subsidiary, transferring its complete shareholding in Gramophone to Unnati through a share exchange mechanism combined with fresh investment.

Gramophone's Financial Performance

Gramophone has been contributing to Info Edge's portfolio in the agricultural technology sector. The company's financial metrics demonstrate its position within the investment ecosystem.

*Percentages calculated on standalone basis as of March 31, 2025

Unnati's Business Profile and Financial Overview

Unnati operates as a fintech-based agricultural platform focused on digital agri distribution, aggregation, and financing services. Incorporated on October 8, 2010, the company aims to minimize farming risks while ensuring transparency in agricultural business operations.

Strategic Implications and Timeline

The transaction represents Info Edge's continued focus on value creation through strategic portfolio management. SIHL's investment in Unnati aligns with the company's medium to long-term investment strategy in agricultural technology and fintech sectors.

Corporate Governance and Future Structure

The transaction has been structured as an arm's length deal, with Unnati not being a related party to Info Edge. The company's promoter group has no interest in the acquired entity, maintaining transparency in the investment decision.

Upon completion of the definitive agreements, Gramophone will cease to be a subsidiary of SIHL. However, Unnati will become SIHL's associate company until the merger completion, provided SIHL continues to hold more than 20% stake. The shareholding will subsequently dilute to 18.48% once all Gramophone shareholders become part of Unnati following the merger.

Info Edge , a prominent Indian internet company, has significantly increased its ownership in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a recent corporate restructuring process. The move underscores Info Edge's commitment to strengthening its position in the fintech sector.

Key Highlights

• Info Edge acquired an additional 6.47% stake in PB Fintech
• The acquisition was executed through an NCLT-approved amalgamation process
• Info Edge's total shareholding in PB Fintech now stands at 12.43%

Transaction Details

The increase in Info Edge's stake in PB Fintech was achieved through a corporate restructuring mechanism approved by the National Company Law Tribunal (NCLT). This process, known as amalgamation, typically involves the combination of two or more companies into a single entity.

Implications

1. Strengthened Position: The substantial increase in ownership reinforces Info Edge's position as a significant stakeholder in PB Fintech.

2. Strategic Alignment: This move aligns with Info Edge's strategy of investing in and supporting innovative technology-driven businesses.

3. Fintech Focus: The increased stake demonstrates Info Edge's continued interest and confidence in the fintech sector, particularly in PB Fintech's business model and growth potential.

4. Corporate Governance: The use of an NCLT-approved process ensures that the transaction adheres to regulatory requirements and maintains transparency.

This strategic move by Info Edge highlights the company's proactive approach to portfolio management and its commitment to maximizing value through strategic investments in the rapidly evolving fintech landscape.

Investors and market observers will likely be keen to see how this increased stake influences the future strategies and synergies between Info Edge and PB Fintech.