Info Edge (India) announced that subject to requisite regulatory & other approvals, as may be applicable, including that of Foreign Investment Facilitation Portal (FIFP), the company has entered into agreement:

1. with SVF India Holdings (Cayman) ('Soft Bank'), a wholly owned subsidiary of SoftBank Vision Fund L.P., of which SoftBank Group Corp. is a limited partner, whereby Soft Bank has agreed to invest an amount equivalent to about USD 45 million. for 49.99% stake (on a fully diluted basis) in Diphda Internet Services ('Diphda'), a wholly owned-subsidiary of the Company, for the time being.

2. whereby the company has also agreed to invest an amount equivalent to about USD 45 million. in Diphda for 50.01% stake (on a fully diluted basis); and

3. to jointly invest through Diphda, an amount equivalent to about USD 90 million. in Etechaces Marketing & Consulting ('Etechaces') for 8.93% stake (on a fully diluted basis post completion of fund raise exercise with other investors).

Shares of the company declined Rs 35.05, or 2.91%, to settle at Rs 1,168.00. The total volume of shares traded was 3,805 at the BSE (Monday).