Info Edge (India) to divest two stakes and invest ₹150 crore in Redstart

Mergers & acquisitions
Computers - Software

Blacklitt Research28 October 20263 min read

Info Edge (India) (NSE: NAUKRI) has approved the sale of its entire holdings in Medcords Healthcare Solutions and Unnati Online and an investment of about ₹150 crore in its wholly owned subsidiary Redstart Labs, it said in a filing on 28 Oct 2026. Each sale is stated at about ₹5000, with the unit not specified.

Key highlights

Medcords stake divested: 14.18%
Unnati Online stake divested: 31.64%
Investment in Redstart Labs: about ₹150 crore
Each divestment consideration: about ₹5000 (unit not specified)

The transactions in numbers

Item	Detail
Medcords stake	14.18%, fully converted and diluted basis, sold through SIHL
Unnati Online stake	31.64%, fully converted and diluted basis excluding ESOP pool, sold through SIHL
Consideration per divestment	About ₹5000 (unit not specified in the filing)
Agreement for sale	Within 30 days of Board approval
Expected completion	By 27 Jan 2027
Redstart investment	About ₹150 crore, in one or more tranches, within 18 months of approval

Two divestments through a wholly owned subsidiary

Both stakes are to be sold by Startup Investments (Holding) Limited (SIHL), a wholly owned subsidiary of Info Edge (India). The company says a full impairment provision on the Medcords investment was booked in FY 2023-24 and on the Unnati Online investment in FY 2019-20.

After the sales, Medcords will cease to be a joint venture of the company and Unnati Online will cease to be an associate company. The buyers are Mr. Shreyans Mehta, a director and promoter of Medcords, and Mr. Eral Ravi and Mr. Aashutosh Chaudhary, directors and promoters of Unnati Online. The company says the buyers are not related to its promoter or promoter group, and that neither sale is a related party transaction.

Redstart investment for working capital and general purposes

The investment of about ₹150 crore in Redstart Labs (India) Limited is to meet working capital requirements, explore investment opportunities and for other general purposes, according to the filing. Redstart reported nil turnover and a loss after tax of ₹2.99 crore for FY 2025-26, with net worth of ₹76.93 crore as on 31 Mar 2026.

The investment is cash consideration in one or more tranches. The company describes it as a related party transaction with a wholly owned subsidiary, to which arm's length requirements do not apply.

Info Edge (India) had a market value of ₹78,867 crore at the 27 Oct 2026 close. Its latest quarter, Q1 FY27, reported consolidated total income of ₹1,073.01 crore and net profit of ₹490.05 crore.

Audit Committee reconstituted

The Board, on the Nomination and Remuneration Committee's recommendation, added Mr. Naresh Chand Gupta, an independent additional director, as a member of the Audit Committee with effect from 29 Oct 2026. The committee now comprises Mr. Sanjiv Sachar (chairman), Ms. Geeta Mathur, Ms. Radha Rajappa and Mr. Naresh Chand Gupta, all independent directors.

What the transactions mean for Info Edge (India)'s shareholders

The filing lists the sales and the Redstart investment, and the Audit Committee change, without giving their financial effect on the company. The reason for the divestments is not stated, and neither is the sale price beyond the approximate ₹5000 with its unit unspecified, nor the number of Redstart shares to be issued.

The next dated step is the agreement for sale, due within 30 days of approval, and the company says it will update on completion expected by 27 Jan 2027.

Reference: Original filing (PDF)

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