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Informist, Friday, Mar. 27, 2026

--Info Edge in pact with A88 Trust for contribution of up to INR 2.5 bln 

--Info Edge arm to sell over 26% stake in Shopkirana E Trading for $32.97 mln 

--Info Edge arm to sell stake in Shopkirana E Trading to Trustroot Internet 

--Info Edge arm to get 2% in Trustroot Internet for selling shr in Shopkirana 

NEW DELHI - Info Edge (India) Ltd. on Friday said its wholly-owned subsidiary Startup Investments (Holding) Ltd. will transfer its 26.12% stake in Shopkirana E Trading Pvt. Ltd. to Singapore-based Trustroot Internet Pvt. Ltd. for $32.97 million. In return, Trustroot Internet will issue and allot Startup Investments 104,868 shares for $314 a piece, the company said in an exchange filing.

Further, Startup Investments has proposed to invest $1.72 million in Trustroot Internet for 5,484 shares through primary infusion, aggregating to 0.11% stake. Once the transactions are completed, Shopkirana will cease to be an associate company of Startup Investments and the latter will hold a 2.13% stake in Trustroot. These transactions qualify as overseas direct investment and will be routed through an authorised dealer bank, Info Edge said. 

Info Edge's board also approved entering into a contribution agreement with A88 Fund I, launched by a SEBI-registered alternative investment fund A88 Trust. As per this agreement, the company committed to invest up to INR 2.50 billion directly and/or through wholly-owned subsidiaries. 

Smartweb Internet Services Ltd., Info Edge's wholly-owned arm, will act as the sponsor and investment manager of the fund. "The objectives of the Scheme will be to generate long-term growth for the contributors and support Indian entrepreneurial ecosystem by investing in early stage deep tech companies in India (or primarily focused in India)," the company said. The life of this scheme is expected to be 12 years from when the contribution agreement is executed. 

For the December quarter, Info Edge reported a net profit of INR 2.46 billion on revenue of INR 7.65 billion. Friday, its shares closed 0.7% lower at INR 991.40 on the National Stock Exchange.  End

US$1 = INR 94.81

Reported by Anand JC

Edited by Deepshikha Bhardwaj

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