Info Edge Sells Agstack Stake for ₹91.7 Cr, Invests ₹35 Cr in Unnati
Info Edge's subsidiary will transfer its stake in Agstack for ₹91.71 crore and invest ₹35 crore in Akshamaala Solutions. The transaction involves exchanging Gramophone shares for Unnati preference shares. Unnati is an agri-fintech platform. The deal is expected to be completed within 90 days.
The transaction involves a substantial amount of capital (₹91.71 crore from divestment and ₹35 crore investment), indicating a significant strategic move. The change in subsidiary status and the investment in an associate company will impact Info Edge's portfolio.
The announcement details a strategic divestment and investment. While it involves significant monetary values, it represents a restructuring of holdings rather than a clear positive or negative financial outcome for Info Edge.
Info Edge (India) Limited, through its wholly-owned subsidiary Startup Investments (Holding) Limited (SIHL), has agreed to transfer its entire stake in Agstack Technologies Private Limited ("Gramophone") to Akshamaala Solutions Private Limited ("Unnati"). SIHL currently holds 39.58% in Gramophone, which would increase to 50.94% on a fully converted and diluted basis before the transfer.
The transfer involves 339,305 shares of Gramophone at ₹2,702.87 per share, aggregating to ₹91.71 crore. In exchange, Unnati will issue 49,145 preference shares to SIHL, representing 15.75% on a fully diluted basis, valued at ₹18,661 per share. Following this transaction, Gramophone will cease to be a subsidiary of SIHL.
Additionally, SIHL proposes to invest approximately ₹35 crore in Unnati through a primary infusion, subscribing to 18,756 preference shares. This investment will bring SIHL's aggregate shareholding in Unnati to 20.53% on a fully converted and diluted basis, which is expected to dilute to 18.48% post-merger of Gramophone with Unnati. Until the merger is complete and SIHL holds over 20% in Unnati, Unnati will be classified as SIHL's Associate Company.
The transfer and investment are subject to the completion of certain condition precedents outlined in definitive agreements. The board meeting where these approvals were granted commenced at 7:50 PM and concluded at 8:32 PM on January 3, 2026. Gramophone's contribution to Info Edge's turnover, revenue, income, and net worth for the financial year ending March 31, 2025, was 2.52%, 2.52%, 2.39%, and 0.03% respectively. Unnati, an agri-focused fintech platform, reported a turnover of ₹291.37 crore in FY25, with a net loss of ₹18.42 crore and a net worth of ₹65.8 crore.
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Info Edge (India) Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.