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February 25, 2013

Deal Alert: Info Edge hikes stake in MeritNation to 54% via new Rs.30-Cr investment

Publicly-listed New Delhi-based Info Edge (India), which runs jobs site Naukri.com and other online services, has invested an additional amount of about Rs.30 crore in Applect Learning Systems Pvt. Ltd., which is engaged in online education and assessment business through it website www.meritnation.com. Post this investment, the aggregate amount invested would be about Rs.61.5 crore for a 54% stake in Applect Learning. 


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