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| Exchange Disseminated Time 03/12/2016 19:19:33 | 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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