Info Edge (India) has invested an amount of Rs 140 crore in Allcheckdeals India (ACD), wholly owned subsidiary of the company.
The Company has agreed to acquire 1,40,00,000 – 0.0001% Compulsorily Convertible Debentures (CCDs) having face value of Rs. 100/- each.
The Company already holds 100% stake in ACD on a fully converted and diluted basis.
ACD is engaged in the business of Brokerage services in the real estate sector in India
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