Info Edge’s Jeevansathi To Infuse INR 30 Cr In Its Subsidiary Aisle

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SUMMARY

Jeevansathi will acquire 12,293 equity shares having a face value of  INR 10 each and at a premium of INR 24,388.19, for the abovementioned sum

The fresh capital will be used to meet the working capital requirements of Aisle

Post the investment, Info Edge’s shareholding in Aisle would be 92.83% on a fully converted and diluted basis from its 89.17% stake currently

Info Edge-owned matrimonial portal Jeevansathi is set to infuse INR 30 Cr (around $3.5 Mn ) into its wholly-owned subsidiary Aisle Network Private…



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Info Edge’s Jeevansathi To Infuse INR 30 Cr In Its Subsidiary Aisle


SUMMARY

Jeevansathi will acquire 12,293 equity shares having a face value of  INR 10 each and at a premium of INR 24,388.19, for the abovementioned sum

The fresh capital will be used to meet the working capital requirements of Aisle

Post the investment, Info Edge’s shareholding in Aisle would be 92.83% on a fully converted and diluted basis from its 89.17% stake currently

Info Edge-owned matrimonial portal Jeevansathi is set to infuse INR 30 Cr (around $3.5 Mn ) into its wholly-owned subsidiary Aisle Network Private…



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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