Info Edge inks pact to acquire stake in Juno Learning
15th Feb 2022

Info Edge (India) has entered into an agreement to acquire securities in Juno Learning for an amount of about Rs 11.25 crore. The company has agreed to acquire 4,331 Compulsorily Convertible Preference Shares having face value of Rs 10 each as Primary acquisition of shares. The aggregate shareholding of the company, post this investment, in the said entity would be 25% on a fully converted & diluted basis.

As part of the company's strategy, the investment would help the company create and consolidate its presence into a niche vertical of ‘Sales upskilling’. It perfectly fits into the company's playbook to invest in adjacencies to recruitment and education verticals and create synergies with its existing businesses.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.