Info Edge's Subsidiary Sells Agstack Stake for ₹91.7 Crore, Invests ₹35 Crore in Unnati
Info Edge's subsidiary SIHL transferred its entire 50.94% stake in Agstack Technologies for ₹91.71 crore. SIHL also invested ₹35 crore in Akshamaala Solutions, increasing its stake to 20.53%. The transactions are part of a merger process, with Unnati becoming an associate company.
The transaction involves a substantial amount of ₹91.71 crore for the stake transfer and ₹35 crore for the investment, indicating a significant strategic move for the subsidiary. The change in shareholding and the potential for Unnati to become an associate company could have medium-term implications for Info Edge.
The announcement details a business transaction involving the transfer of stake and investment, which is a routine corporate action. While it involves significant financial figures, there are no immediate positive or negative indicators for the company's overall performance.
Info Edge (India) Limited announced an update regarding the transfer of its entire stake in Agstack Technologies Private Limited (“Gramophone”) by its wholly-owned subsidiary, Startup Investments (Holding) Limited (“SIHL”). SIHL has transferred 3,39,305 shares, representing 50.94% of Gramophone, to Akshamaala Solutions Private Limited (“Unnati”). This transfer was valued at ₹2,702.87 per share, aggregating to ₹91.71 crore. In consideration, Unnati will issue 49,145 preference shares to SIHL, representing 15.75% of Unnati on a fully diluted basis, valued at ₹18,661 per share.
Additionally, SIHL will invest approximately ₹35 crore in Unnati through a primary infusion, subscribing to 18,756 preference shares. Following these transactions, SIHL's aggregate shareholding in Unnati will be 20.53% (20.25% including ESOP and MSOP pool), expected to dilute to 18.48% upon the merger of Gramophone with Unnati. Unnati will be considered SIHL's Associate Company as long as SIHL holds more than 20% of Unnati, until the merger is completed.
The event occurred on February 19, 2026, at 12:53 p.m. IST. This announcement is also available on the company's website.
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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 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.