Latest News | Info Edge Acquires 76% Stake in Online Dating Firm Aisle for Rs 91 Cr
Get latest articles and stories on Latest News at LatestLY. IT company Info Edge, which owns platforms such as Naukri.com and Jeevansathi, has acquired a 76 per cent stake in online dating company Aisle Network for Rs 91 crore, a regulatory filing said Friday.
New Delhi, Mar 4 (PTI) IT company Info Edge, which owns platforms such as Naukri.com and Jeevansathi, has acquired a 76 per cent stake in online dating company Aisle Network for Rs 91 crore, a regulatory filing said Friday.
Aisle runs multiple dating platforms on the web and mobile apps- Aisle, Anbe, Arike and HeyDil which allow users to browse through profiles of other users with the intent of finding their suitable partner.
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"The company (Info Edge) has agreed to acquire 21,483 shares comprising 11,699 compulsory convertible preference shares and 9,784 equity shares via mix of primary infusion and secondary purchase.
"The aggregate shareholding of the company, post this investment, in the said entity would be about 76 per cent on a fully converted and diluted basis," the filing said.
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According to the filing, the acquisition has been completed immediately. Aisle had a turnover of Rs 7.56 crore in 2020-21, the filing said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)