Info Edge to invest Rs 20 cr for 49% stake in Etechace
New Delhi, Sept 25 (UNI) Internet-based recruitment company Info Edge India Ltd today said it plans to invest Rs 20 crore to acquire 49 per cent equity stake in Etechaces Marketing and Consulting Pvt Ltd.
Etechaces Marketing and Consulting distributes financial products online.
Info Edge India, incorporated on May 1, 1995, is the country's leading provider of online recruitment, matrimonial and real estate classifieds and related services.
The company business is managed primarily through four divisions comprising online recruitment classified division--www.naukri.com, online matrimonial classified division--www.jeevansathi.com, online real estate classified division--www.99acres.com and offline executive search division-- Quadrangle.
UNI SG AK VC1722
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