Info Edge ups stake in VCare Technologies to nearly 15%
VCare offers phone directory app Diro Labs, which works as a cross platform sharable collaborative phonebook. Image Source: ZeeBiz WebDesk
Info Edge (India), which owns leading job listings website Naukri.com, said it has invested an additional Rs 10 million in VCare Technologies, taking its total stake in the company to 14.77%.
VCare offers phone directory app Diro Labs, which works as a cross platform sharable collaborative phonebook.
In a BSE filing, Info Edge (India) said, "The company has through its wholly-owned subsidiary invested an additional amount of Rs 10 million through optionally convertible cumulative redeemable preference shares in VCare Technologies."
With this, the company has invested total Rs 40 million in VCare translating to about 14.77% stake as on date, it said.
On Friday, the stock of Info Edge (India) closed down 0.75% or Rs 6.70 at Rs 888.65 on the BSE.
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