Info Edge India invests Rs 15 cr in Smartweb Internet Services subsidiary

22 Jul 2022 , 01:31 AM

Info Edge India has invested an amount of Rs15 crore in Smartweb Internet Services wholly owned subsidiary of the Company The Company already holds 100Percentage stake in Smartweb on a fully converted and diluted basis Accordingly it is a wholly owned subsidiary of the Company in accordance with the Companies Act 2013 and hence falls in the category of a related party as on the date of making this investment Smartweb is engaged in the business of providing all kinds of internet services and to act as investment advisor financial consultant management consultant investment manager andor sponsor of alternative investment funds