Info Edge To Sell Entire Stake In Shopkirana For $23.13 Million

Info Edge (India) Ltd. on Friday said its board has approved the sale of its entire 26.1% stake in associate firm Shopkirana E Trading Pvt. Ltd. to Hiveloop E-Commerce Pvt. Ltd. for $23.13 million.

The transaction, held through its wholly-owned arm Startup Investments (Holding) Ltd., is expected to be completed by October 31, the company said in a stock exchange filing.