Info Edge Invests ₹10 Crore in Wholly-Owned Subsidiary Smartweb
Info Edge (India) Limited will invest ₹10 Crores in its wholly-owned subsidiary, Smartweb Internet Services Limited. This investment aims to strengthen Smartweb financially. Smartweb reported ₹41.39 Crores turnover and ₹60.91 Crores net worth as of March 31, 2025. The acquisition is expected to be completed within 30 days.
The investment amount of ₹10 Crores is relatively small compared to Info Edge's overall financial standing. It is an internal transaction within a wholly-owned subsidiary, thus having a minimal direct impact on the parent company's financial performance or market valuation.
The investment is an internal fund transfer within a wholly-owned subsidiary to meet its financial requirements. While it strengthens the subsidiary, it does not represent a significant new strategic move or a major financial event for the parent company.
Info Edge (India) Limited announced an investment of ₹10 Crores in its wholly-owned subsidiary, Smartweb Internet Services Limited, through a meeting of the Committee of Executive Directors held on April 17, 2026. This investment is intended to meet Smartweb's funding requirements and strengthen its financial position.
Smartweb Internet Services Limited, incorporated on September 23, 2015, is engaged in providing internet services, acting as an investment advisor, financial consultant, management consultant, investment manager, and sponsor of alternative investment funds. As of March 31, 2025, Smartweb reported a turnover of ₹41.39 Crores, Profit After Tax (PAT) of ₹5.03 Crores, and Net Worth of ₹60.91 Crores. Its turnover for the last three fiscal years was ₹41.39 Crores (2024-25), ₹34.88 Crores (2023-24), and ₹44.29 Crores (2022-23).
The investment involves the acquisition of 10,00,000 Compulsorily Convertible Debentures (CCDs) with a face value of ₹100 each. Following this transaction, Smartweb will continue to be a wholly-owned subsidiary of Info Edge. The company confirmed that the transaction is conducted on an arm's length basis and that the promoter/promoter group/group companies of Info Edge have no interest in this investment. The acquisition is expected to be completed within 30 days from the approval. The meeting where this decision was made commenced at 11:30 am and concluded at 11:45 am on April 17, 2026.
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Info Edge (India) Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Info Edge (India) Limited. Read the original for the full detail.