Info Edge (India), the parent company of job portal Naukri.com, has announced its approval to enter into a contribution agreement with IE Venture Investment Fund III.
The scheme, which is to be launched by Karkardooma Trust, will receive a commitment of up to ₹1,000 crore from Info Edge, either directly or through its wholly-owned subsidiaries.
The investment is subject to approval from the Securities and Exchange Board of India (SEBI) and the shareholders of Info Edge.
According to an official stock exchange filing, in a meeting held on February 5, 2025, the Board of Directors of Info Edge approved the company’s entry into a contribution agreement with IE Venture Investment Fund III. The alternative investment fund (AIF) falls under Category II of SEBI’s Alternative Investment Funds (AIF) Regulations, 2012.
The proposed investment of up to ₹1,000 crore will be made in cash and is contingent upon necessary approvals from SEBI and Info Edge’s shareholders.
IE Venture Investment Fund III is in the process of obtaining its AIF registration certificate from SEBI. The fund is set to focus on investments in emerging businesses. It is sponsored and managed by Smartweb Internet Services Ltd, a wholly-owned subsidiary of Info Edge.
Since Smartweb Internet Services Ltd is acting as both the sponsor and investment manager of the trust, the transaction is classified as a related party transaction under SEBI regulations.
As a result, this material transaction will require the approval of Info Edge’s shareholders. However, the company has clarified that the promoters of Info Edge have no personal interest in the investment, and the deal has been structured at arm’s length.
With SEBI approval pending, Info Edge will proceed with the necessary regulatory and shareholder approvals before finalising its investment in IE Venture Investment Fund III.
The move underscores the company’s commitment to supporting emerging businesses and expanding its investment footprint in India’s evolving digital and technology landscape.
On February 05, 2025, Info Edge (India) share price ended 3.10% at ₹7,943.20. Info Edge India’s share price reached a 52-week high of ₹9,194.95 on January 06, 2025, and a 52-week low of ₹4,967.10 on March 14, 2025. As per BSE, the total traded volume for the stock stood at 7372 shares with a turnover of ₹5.81 crore.
At the current price, Info Edge shares are trading at a price-to-earnings (P/E) ratio of 141.14x, based on its trailing 12-month earnings per share (EPS) of ₹56.28, and a price-to-book (P/B) ratio of 2.97, according to exchange data.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 6, 2025, 8:32 AM IST
Dev Sethia
Dev is a content writer with over 2 years of experience at Business Today, Times of India, and Financial Express. He has also contributed stories in Hindi for BT Bazaar and Khalsa Bandhan News Paper. A journalism postgraduate from ACJ-Bloomberg, Dev enjoys spending his spare time on the cricket pitch.
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