Info Edge subsidiary to partially divest stake in Meritto IPO

Info Edge (India) Limited announced on November 6, 2025, that its wholly-owned subsidiary, Startup Investments (Holding) Ltd. (SIHL), will partially divest its equity shares in NoPaperForms Solutions Limited (Meritto). This divestment is part of Meritto’s proposed IPO process and aims to reduce SIHL's aggregate holding in Meritto to below 25% of the total paid-up capital upon the IPO's successful completion.

The divestment will occur through an Offer for Sale (OFS) of up to 38,422,392 equity shares, each with a face value of ₹ 1, held by SIHL. This OFS includes any pre-IPO secondary transfers and/or sale of equity shares before the red herring prospectus filing. Additionally, dilution will result from the primary issuance of equity shares by Meritto as part of the Proposed IPO.

The Proposed IPO, including the OFS component, is contingent on market conditions, applicable approvals, and regulatory clearances, including observations from the Securities and Exchange Board of India. Meritto will file the necessary offer documents with relevant authorities in due course. The meeting of SIHL where this was concluded occurred at 6:00 p.m. (IST).