Jeevansathi Internet Services Pvt Ltd to invest in Aisle Network Pvt Ltd

Jeevansathi Internet Services Private Limited ('Jeevansathi'), a wholly owned subsidiary of Info Edge (India) Limited has in its meeting of the Board of Directors held today i.e. March 17, 2025, agreed to invest an amount of about Rs. 30 Crores in its subsidiary Aisle Network Private Limited, a step down subsidiary of the Company.

The Board of Directors of Jeevansathi has agreed to acquire 12,293 Equity Shares having a face value of Rs. 10 each and at a premium of Rs. 24,388.19. The aggregate shareholding of the Company through Jeevansathi, post this investment in Aisle would be 92.83% on fully converted and diluted basis.

Aisle was incorporated on January 10, 2014 and is engaged in the business of running multiple dating platforms on the web via its mobile apps Aisle, Anbe, Arike, Neetho and Jalebi. These platforms allow users to browse through profiles of other users with the intent of finding their suitable partner.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 6384.70 as compared to the previous close of Rs. 6503.75. The total number of shares traded during the day was 1310 in over 436 trades.

The stock hit an intraday high of Rs. 6597.40 and intraday low of 6378.00. The net turnover during the day was Rs. 8496932.00.

Source : Equity Bulls

Keywords

InfoEdgeIndia INE663F01024 JeevansathiInternetServices Investment AisleNetwork