Info Edge board approves Rs 200 cr investment in two wholly-owned subsidiaries

Info Edge on Tuesday said its board has approved about Rs 200 crore investment in two of its wholly-owned subsidiaries, Startup Internet Services and Startup Investments.

Under the plan, the company will infuse about Rs 100 crore each into the equity shares of Startup Internet Services Ltd (SISL) and Startup Investments (Holding) Ltd (SIHL) to support their investment opportunities, including contributions to alternative investment funds (AIFs), Info Edge said in a regulatory filing.