In an exchange filing, rel=”dofollow” href=”https://economictimes.indiatimes.com/info-edge-(india)-ltd/stocks/companyid-18352.cms” target=”_blank”>Info Edge said that it will transfer its 51% stake in Gramophone, for which it will receive 15.7% stake in Unnati.
Further, InfoEdge will invest Rs 35 crore in Unnati, which will take its stake up to 20.5%. “This will dilute to 18.48% once all other shareholders of Gramophone also become shareholders of Unnati,” it added.

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