Info Edge invests Rs 13.5 crore in Canvera Digital Technologies

MUMBAI: Info Edge, which runs portals like Naukri.com and jeevansathi.com, has invested Rs 13.5 crore in Bangalore-based online photography company Canvera Digital Technologies.

With this, Info Edge has invested Rs 57 crore in Canvera Digital Technologies, translating into about 32 per cent stake in the company on a fully converted and diluted basis.

"Info Edge has invested an additional amount of about Rs 135 million (being Info Edge's share of a total raise of Rs 150 million) through optionally convertible cumulative redeemable preference shares in Canvera Digital Technologies," it said in a filing to the BSE.

Its shares were trading at Rs 594.40 apiece, marginally down 0.31 per cent from its previous close on the BSE.

In August 2012, Info Edge had invested Rs 35 crore through optionally convertible cumulative redeemable preference shares in Canvera.

Info Edge had invested an additional Rs 4.5 crore in December 2013 and Rs 1.5 crore in February this year in the company to take its shareholding to 27 per cent.

Info Edge runs websites like naukri.com, jeevansathi.com, shiksha.com, brijj.com and 99acres.com (real estate).

It also holds stake in meritnation.com (school education), zomato.com (restaurants rating and review), policybazaar.com (financial products comparison site), mydala.com (deals website) and Happily Unmarried.