Info Edge (India) Ltd approves divestment of stakes in Medcords and Unnati Online and investment of up to ₹150 crore in Redstart Labs
- SIHL will sell its 14.18% stake in Medcords and 31.64% stake in Unnati Online, with each sale expected to close by January 27, 2027, for consideration of about ₹5,000; both investments were fully impaired.
- Up to ₹150 crore will be invested in wholly owned subsidiary Redstart Labs in one or more tranches for working capital, investment opportunities and general purposes.
- Following the divestments, Medcords will cease to be a joint venture and Unnati Online will cease to be an associate.
Original Filing: https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=255bdc95-69b8-45b9-a2dc-b548f4445251.pdf