Psila Tech capital reduction: Redstart's 13.38% stake to be reduced to 0%
Info Edge holds 13.38% in Psila Tech Pte.
By ScoutQuest · · 1 min read
- Current indirect stake in Psila Tech
- 13.38% on a fully diluted and converted basis
- Stake after capital reduction
- reduced to 0%
- Holding structure
- through its wholly-owned subsidiary Redstart Labs (India) Ltd
What the update says
- Info Edge (India) Ltd holds a stake of 13.38% in Psila Tech Pte. Ltd., measured on a fully diluted and converted basis.
- The holding is indirect. It sits through Redstart Labs (India) Limited, a wholly-owned subsidiary of Info Edge.
- Psila is undertaking a capital reduction, referred to in the update as the Transaction.
- In connection with it, Redstart will enter into an Investment Agreement Termination and Release of Claims Agreement with Psila and its other shareholders.
What changes in the holding
- Pursuant to completion of the Transaction in line with the Agreement's terms, the entirety of Redstart's shareholding in Psila will be reduced to 0%.
- Consequently, once the Transaction is completed, Psila will cease to be an indirect investee company of Info Edge.
What this means in simple terms
Info Edge does not own Psila directly. It owns it through Redstart, and the stake being talked about is Redstart's stake in Psila. That stake is currently 13.38% on a fully diluted and converted basis. After the capital reduction is completed as per the Agreement, that stake becomes 0%, so Psila drops out of Info Edge's list of companies it indirectly holds a stake in.
How to read it
- A capital reduction changes the share capital of a company and, in this case, takes the holding of one shareholder down to nil.
- The update describes the change as happening on completion of the Transaction and in accordance with the terms of the Agreement.
- The disclosure is about the holding changing, not about the rest of Info Edge's business.
The event was recorded with the exchanges as occurring on October 23, 2026 at 11:50 a.m. (IST).
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22 Oct 2026
More numbers
- Info Edge's stake in Psila Tech, fully diluted and converted, via Redstart13.38%
- Redstart's shareholding in Psila after completion of the transaction0%
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