Info Edge Indiainvests Rs 370 cr in Terralytics Analysis

20 Apr 2022 , 01:35 AM

Info Edge India has invested about Rs 370 crore in associate company Terralytics Analysis Terralytics is engaged in the business of developing intelligence and analytics in real estate vertical for sale to banks developers consulting firms etc for diligence information and other purposes This investment would help the Company to strengthen its offering in the real estate segment by providing an enhanced platform to real estate industry professionals financial institutions and individual buyers to conduct their business efficiently The Company has agreed to acquire 6650 Compulsorily Convertible Preference Shares as part of a larger fund raise exercise by Terralytics Upon the successful closing of the said fund raise exercise the aggregate shareholding of the Company in the said entity would be 2050 Percentage on a fully converted diluted basis