Info Edge To Invest Up To INR 1,000 Cr In IE Venture Investment Fund III

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SUMMARY

Info Edge said the investment is in line with the company’s strategy on external financial investments that are focused on value creation in medium to long-term prospects

Info Edge will invest up to INR 1,000 crore into the AIF either “directly or through wholly owned subsidiaries, subject to approval of SEBI and shareholders of the company,” the filing read

Smartweb Internet Services, a subsidiary of Info Edge, will act as the sponsor and investor manager of the said trust and all its schemes

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Info Edge To Invest Up To INR 1,000 Cr In IE Venture Investment Fund III


SUMMARY

Info Edge said the investment is in line with the company’s strategy on external financial investments that are focused on value creation in medium to long-term prospects

Info Edge will invest up to INR 1,000 crore into the AIF either “directly or through wholly owned subsidiaries, subject to approval of SEBI and shareholders of the company,” the filing read

Smartweb Internet Services, a subsidiary of Info Edge, will act as the sponsor and investor manager of the said trust and all its schemes

Internet company



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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