Info Edge (India) has agreed to invest an amount of about Rs. 15 crore in Startup Investments (Holding), a wholly-owned subsidiary of the Company.
The Company already holds 100% stake in SIHL directly, and through Naukri Internet Services Ltd., a wholly owned subsidiary of the Company, on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of
making this investment.