Info Edge India invests Rs. 57 crore additional capital in Zomato Media Private Limited

Info Edge (India) Ltd has co-invested in an investment round of Rs. 2276 million in the shares of Zomato Media Private Limited (which owns and operates an online food guide portal Zomato.com).

Of the total investment round, Info Edge has invested an amount of about Rs. 570 million by subscribing to convertible preference shares of Zomato Media Private Limited.

Post this transaction the total amount invested by Info Edge in Zomato Media Private Limited cumulatively till date is about Rs. 1430 million and the shareholding of Info Edge in Zomato Media Private Limited stands at 50.1% on a fully converted and diluted basis. Prior to this round Info Edge owned a little less than 58% of Zomato Media Private Limited.

Shares of Info Edge (India) Ltd was last trading in BSE at Rs.381.30, up by Rs.2.95 or 0.78%. The stock hit an intraday high of Rs.386.90 and low of Rs.377.05.

The total traded quantity was 1633 as compared to 2 week average of 7233.

Source : Equity Bulls

Keywords