Info Edge seeks shareholder nod for $120m investment

Info Edge (India), owner of Naukri.com, has announced a postal ballot seeking shareholder approval for a material related party transaction. The company aims to invest up to INR 10,000,000,000 in IE Venture Investment Fund III through Karkardooma Trust, a Category II Alternative Investment Fund (AIF). This investment will be made directly or through its wholly-owned subsidiaries. The company highlighted its track record of successful early-stage investments, including Policybazaar and Zomato. The proposed investment is aimed at supporting tech-led businesses. Voting will be conducted via remote e-voting, commencing April 25, 2025, and ending May 24, 2025. Results will be declared at the company's registered office and communicated to the stock exchanges. The company confirmed that none of the promoters will have any monetary benefits from the investments.