Aggregate investment stands at Rs 4 crore
Info Edge (India) announced that the Company has, through its Wholly-owned subsidiary, invested an additional amount of Rs.1 crore through optionally convertible cumulative redeemable preference shares in Vcare Technologies which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.Accordingly, the aggregate investment by the Company, including the above, is now Rs.4 crore in Vcare Technologies which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
