Info Edge (India) will hold a meeting of the Board of Directors of the Company on 10 February 2023.

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Info Edge (India) announced that its wholly owned subsidiary - Startup Investments (Holding) (SIHL) has agreed to invest about Rs.9.31 crore in Agstack Technologies (Gramophone). This follow on investment by the Company through SIHL is in furtherance of Company's investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term.

Gramophone is a full stack agritech platform for farmers. The company sells agri-inputs to farmers directly and via small retailers in an omnichannel model. It also provides advisory to farmers with respect to cropping/farming practices and helps them in selling their output to buyers.

Post this investment, the aggregate shareholding of the Company through SIHL, in the said entity would be 32.89% on fully converted & diluted basis.

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LIC bought 26,000‬ shares of Info Edge (India) at an average cost of Rs 4,790.76 via open market purchase during the period on on 21 December 2022. LIC's holding in the company crossed 5%.

LIC bought 13,27,25,837‬ shares, or 2% equity, of Gail (India) at an average cost of Rs 93.01 via open market purchase during the period from 7 July 2020 to 21 December 2022.

Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc.

GAIL (India) is one of the largest natural gas processing & distribution company. The Government of India held 51.90% stake in Gail (India) as on 30 September 2022.

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Shares of LIC debuted on the bourses on 17 May 2022. The scrip was listed at Rs 867.20, representing an 8.62% discount to the issue price of Rs 949.

On the BSE, LIC was down 1.86% at Rs 669, Info Edge (India) slipped 3.66% to Rs 3,945.55 and Gail (India) lost 2.76% to Rs 91.60.

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Info Edge (India) announced that the Board of Directors of the Company at its meeting held on 11 November 2022, inter alia, have recommended the interim dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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