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| Exchange Disseminated Time | Info Edge (India) Ltd has informed BSE that the Company has invested an amount of about Rs. 45 million through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies Private Limited, which is engaged in the business of providing solutions to professional photographers. It owns and operates the site www.canvera.com.
The aggregate investment, including the above, is Rs. 420 million in Canvera Digital Technologies Private Limited which translates to about 26% stake in the Company on a fully converted and diluted basis. |
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