Info Edge To Exit MedCords, Unnati Online For About ₹5,000 Each
Info Edge's board approved the sale of its 14.18% stake in MedCords Healthcare Solutions and 31.64% stake in Unnati Online to their respective founders and promoters. Both transactions are expected to complete by January 27, 2027. The company had previously written down the full value of both investments, so the formal exits formalize positions already accounted for on its balance sheet.
Key points
- Divesting 14.18% MedCords stake to promoter Shreyans Mehta for ~₹5,000
- Selling 31.64% Unnati Online stake to founders Eral Ravi and Aashutosh Chaudhary for ~₹5,000
- Both investments already fully impaired in prior years
- Transactions expected to close by January 27, 2027
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