Through its subsidiary
Info Edge (India) announced that the Company through its wholly owned subsidiary, invested an amount of about Rs 17.3 crore by subscribing to optionally convertible cumulative redeemable preference shares of Canvera Digital Technologies.This investment is part of a total fund raise of Rs 20 crore by Canvera. Accordingly, Info Edge's total investment would be Rs 107.4 crore (of which Rs 46.3 million had been provisioned in December 2015), translating into a holding in the Company, on a fully converted and diluted basis, of about 57%.
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