Info Edge (India) Ltd. has announced plans to invest ₹30 Crores in its wholly-owned subsidiary, Redstart Labs (India) Ltd. The investment is intended to meet Redstart’s capital requirements, explore new investment opportunities and support general business operations. The transaction, which will be conducted on an arm’s length basis, is expected to be completed within 30 days.
Redstart invests directly or indirectly in technology companies and offers a wide range of Internet services, software development, consulting, technical support for consumer companies, internet or SAAS providers, and other information technology and product development services.
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Info Edge