Info Edge invests Rs. 3.70 crores in Terralytics

Info Edge India Ltd has invested about Rs.3.70 Crores in Terralytics Analysis Private Limited.

Terralytics is engaged in the business of developing intelligence and analytics in real estate vertical for sale to banks, developers, consulting firms, etc. for diligence, information and other purposes.

The Company has agreed to acquire 6,650 Compulsorily Convertible Preference Shares as part of a larger fund raise exercise by Terralytics. Upon the successful closing of the said fund raise exercise, the aggregate shareholding of the Company in the said entity would be 20.50 % on a fully converted & diluted basis.

This investment would help the Company to strengthen its offering in the real estate segment by providing an enhanced platform to real estate industry professionals, financial institutions and individual buyers to conduct their business efficiently.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 4881.30 as compared to the previous close of Rs. 4848.50. The total number of shares traded during the day was 5882 in over 1358 trades.

The stock hit an intraday high of Rs. 4912.90 and intraday low of 4807.25. The net turnover during the day was Rs. 28686927.00.

Source : Equity Bulls

Keywords

InfoEdgeIndia INE663F01024 Investment Terralytics