Info Edge invests Rs 13.5 cr in Canvera Digital Technologies

In August 2012, company had invested Rs 35 crore through optionally convertible cumulative redeemable preference shares in Canvera

Rupee image via Shutterstock.com

Info Edge, which runs portals like Naukri.com and jeevansathi.com, has invested Rs 13.5 crore in Bangalore-based online photography company Canvera Digital Technologies.

With this, Info Edge has invested Rs 57 crore in Canvera Digital Technologies, translating into about 32% stake in the company on a fully converted and diluted basis.

"Info Edge has invested an additional amount of about Rs 13.5 crore (being Info Edge's share of a total raise of Rs 15 crore) through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies," it said in a filing to the BSE.

Its shares were trading at Rs 594.40 apiece, marginally down 0.31% from its previous close on the BSE.

In August 2012, Info Edge had invested Rs 35 crore through optionally convertible cumulative redeemable preference shares in Canvera.

Info Edge had invested an additional Rs 4.5 crore in December 2013 and Rs 1.5 crore in February this year in the company to take its shareholding to 27%.

Info Edge runs websites like naukri.com, jeevansathi.com, shiksha.com, brijj.com and 99acres.com (real estate).

It also holds stake in meritnation.com (school education), zomato.com (restaurants rating and review), policybazaar.com (financial products comparison site), mydala.com (deals website) and Happily Unmarried.