Info Edge India Ltd invests Rs. 45 crores in Redstart Labs India Ltd

Info Edge India Ltd has invested an amount of about Rs.45 Crores in Redstart Labs (India) Ltd., wholly owned subsidiary of the Company.

Redstart is engaged in the business of providing all types of Internet services, development of software, consultancy, technical support for consumer companies, internet or SAAS providers, and any other services in the area of information technology and product development.

As part of company's investments, the present investment allows Company to strengthen the financial health of its mentioned wholly-owned subsidiary enabling it to offer improved services helping it to diversify, organically and/or inorganically, into other connected areas.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 6490.65 as compared to the previous close of Rs. 6548.85. The total number of shares traded during the day was 37114 in over 6762 trades.

The stock hit an intraday high of Rs. 6695.00 and intraday low of 6370.30. The net turnover during the day was Rs. 241105916.00.

Source : Equity Bulls

Keywords

InfoEdgeIndiaLimited INE663F01024 NAUKRI Investment RedstartLabs