Info Edge - Further Investment in Ninety Nine Labels Private Limited
Info Edge (India) Ltd has informed BSE that the Company has invested an additional amount of Rs. 50 million through fully convertible cumulative redeemable unsecured debentures in Ninety Nine Labels Private Limited, engaged in online retailing of merchandise e.g. clothes, perfumes, fashion accessories, vouchers and discount deals on the internet, principally through the web portal www.99Iabels.com.
The Company''s aggregate investment including the above is Rs. 285 million in Ninety Nine Labels Private Limited.