Info Edge India approves stake swap in Agstack Tech for Unnati Investment via Wholly-Owned Arm

Info Edge India Limited announced a strategic transaction on January 3, 2026, where its board, following Audit Committee recommendations, greenlit the transfer of its entire stake in Agstack Technologies Private Limited (Gramophone) to Akshamaala Solutions Private Limited (Unnati). The move, executed through wholly-owned subsidiary Startup Investments Holding Limited (SIHL), involves swapping shares for a foothold in Unnati alongside a primary capital infusion.

SIHL currently holds 39.58% in Gramophone, set to rise to 50.94% on a fully converted basis ahead of the transfer-briefly making Gramophone a SIHL subsidiary due to an ongoing exit event valuation. SIHL will offload 339,305 shares (50.94% fully diluted) to Unnati at ₹2,702.87 per share, totaling ₹91.71 crore. In exchange, Unnati will allot SIHL 49,145 preference shares (15.75% fully diluted) at ₹18,661 each.

Post-transfer, Gramophone will no longer be a SIHL subsidiary upon closing, subject to definitive agreements and conditions precedent. Complementing the swap, SIHL plans a ₹35 crore primary infusion into Unnati for 18,756 preference shares, elevating its stake to 20.53% initially (diluting to 18.48% post-merger with other Gramophone shareholders). Until merger completion and while above 20%, Unnati qualifies as SIHL's associate.

This pivot aligns Info Edge's investments with evolving agritech dynamics, monetizing Gramophone exposure for a diversified Unnati position while retaining meaningful influence.

Source : Equity Bulls

Keywords

InfoEdgeIndia AgstackTechnologies Gramophone AkshamaalaSolutions Unnati