The Board of Info Edge (India) has approved entering into agreement to invest about Rs.80 crore, in Metis Eduventures (Adda247) as primary acquisition of shares. Adda247 is engaged in the business of delivering educational services and assistance to students preparing for examinations through software technology platforms (both web and mobile application) and is additionally engaged in delivering educational services through offline classroom based methodology. Since Adda247 is an Associate company of the Company, it is a Related Party transaction. The Company has agreed to acquire 14,088 Series B -Compulsorily Convertible Preference Shares having face value of Rs. 5/- each as primary acquisition of shares. The aggregate shareholding of the Company, post this investment, in the said entity would be 23.01% on a fully converted & diluted basis.Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.