 "Info Edge invests Rs 10 cr more in Applect")
The additional investment of Rs 10 crore by Info Edge was made through website www.Meritnation.Com, Info Edge said in a filing with the BSE.
Post this investment, Info Edge's total investment in Applect stands at Rs 71.5 crore.
Also Read
Info Edge now holds 55.81% stake on a fully diluted and converted basis in Applect, it said.
It had previously invested Rs 61.5 crore in MeritNation, including Rs 30 crore in February this year, Rs 20 crore in September 2011, Rs 5 crore in May 2010 and Rs 6.5 crore round in July 2008.
In February this year, Info Edge had invested Rs 30 crore in Applect, while in 2011, it had invested about Rs 20 crore through a mix of equity and convertible preference shares.
The Noida-headquartered firm employs over 2,700 people and operates through 48 offices in 31 cities in India and overseas.
The company also has a significant presence in cities like Dubai, Riyadh, Abu Dhabi and Bahrain that cater to the Middle East market.
Besides naukri.Com and jeevansathi.Com, Info Edge runs real estate site 99acres.Com and education portal shiksha.Com.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%