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Info Edge to invest in online footwear site ShoeKonnect

Advait Dharmadhikari 0 966 Article rating: 5.0

Info Edge has invested Rs. 6 crore via its wholly-owned subsidiary in Bizcrum Infotech (ShoeKonnect). The company has acquired 60,00,000 @ 0.01 per cent Compulsorily Convertible Preference Shares having a face value of Rs. 10 each. The aggregate shareholding of the company post this investment would be 29.79 per cent on a fully converted and diluted basis.

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