Corporate Announcement
Security Code : 532777    Company : NAUKRI    
 
Further Investment in Vcare Technologies Pvt. LtdDownload PDF
  Exchange Disseminated Time     12/3/2016 7:19:31 PM
Info Edge (India) Ltd has informed BSE that the Company has, through its Wholly-owned subsidiary, invested an additional amount of Rs.10 million through optionally convertible cumulative redeemable preference shares in Vcare Technologies Pvt. Ltd. which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.

Accordingly, the aggregate investment by the Company, including the above, is now Rs.40 million in Vcare Technologies Pvt. Ltd. which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis.
 

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