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| Exchange Received Time 10/12/2020 21:42:53 Exchange Disseminated Time 10/12/2020 21:43:40 Time Taken 00:00:47 | The Company had set up an Alternative Investment Fund named Info Edge Venture Fund ('IEVF'), a trust registered with SEBI as Category II AIF, under the SEBI Alternative Investment Funds Regulations 2012, sponsored through Smartweb Internet Services Limited, its wholly owned subsidiary.
With a target corpus of Rs. 750 Cr., the Fund's mandate is to invest in early stage technology companies.
This is to inform you that IEVF has now entered into a Contribution Agreement with MacRitchie Investments Pte. Ltd, an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited ('Temasek') for a contribution commitment of Rs. 375Cr.
Please take the same on your record.
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