Info Edge to Exit MedCords and Unnati for About Rs 5,000 Each
Info Edge's board approved selling both stakes to the companies' own promoters, with completion expected by 27 January 2027.
Key Takeaways
- Info Edge will sell its entire 14.18% stake in MedCords and 31.64% stake in Unnati Online.
- Each stake is to be sold for about Rs 5,000.
- The buyers are the companies' own promoters and directors.
- Both investments were fully written down earlier, MedCords in FY 2023-24 and Unnati Online in FY 2019-20.
- The sales are expected to be completed by 27 January 2027.
Info Edge (India) Limited will sell its entire stakes in MedCords Healthcare Solutions and Unnati Online for about Rs 5,000 each. The company's board approved both sales at a meeting on 28 October 2026, according to its filing to the stock exchanges.
Info Edge holds the stakes through its wholly owned subsidiary, Startup Investments (Holding) Limited. It owns 14.18% of MedCords and 31.64% of Unnati Online. The company said both investments were already fully written down in its books.
The MedCords and Unnati Online stake sales at a glance
| Detail | Value |
|---|---|
| Seller | Startup Investments (Holding) Limited, a wholly owned subsidiary of Info Edge |
| MedCords stake | 14.18% on a fully converted and diluted basis |
| MedCords buyer | Shreyans Mehta, director and promoter of MedCords |
| Unnati Online stake | 31.64% on a fully converted and diluted basis, excluding the ESOP pool |
| Unnati Online buyers | Eral Ravi and Aashutosh Chaudhary, directors and promoters of Unnati Online |
| Price | About Rs 5,000 for each stake |
| Board approval | 28 October 2026 |
| Sale agreements | To be signed within 30 days of board approval |
| Expected completion | By 27 January 2027 |
Why both stakes carried no value in Info Edge's books
Info Edge booked a provision for the full amount of its MedCords investment in FY 2023-24 and for its Unnati Online investment in FY 2019-20.
MedCords is a healthtech company that digitises patient health records and connects patients, doctors and pharmacies. Unnati Online runs Unnati Helpers, a Gurugram-based platform for hiring domestic help and other informal-sector workers such as drivers and factory workers. Once the sales are complete, MedCords will stop being a joint venture of Info Edge and Unnati Online will stop being an associate company.
| When | What happened |
|---|---|
| 2016 | Info Edge invested about Rs 4 crore for about 28.5% of Unnati Online |
| FY 2019-20 | Info Edge booked a full provision against its Unnati Online investment |
| March 2020 | Info Edge agreed to invest about Rs 7 crore in MedCords, taking its stake to 16.89% on a fully diluted basis |
| FY 2023-24 | Info Edge booked a full provision against its MedCords investment |
| 28 October 2026 | Info Edge's board approved the sale of both stakes |
What Info Edge said about the sale process
It expects both sales to be completed by 27 January 2027.
The same board meeting also approved an investment of about Rs 150 crore in Redstart Labs (India) Limited, a wholly owned subsidiary of Info Edge.
Where Info Edge's MedCords and Unnati Online holdings stand now
Info Edge's board approved the sale of its 14.18% stake in MedCords and its 31.64% stake in Unnati Online on 28 October 2026. Each stake is to be sold for about Rs 5,000 to the companies' own promoters. Info Edge expects both sales to be completed by 27 January 2027.
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Frequently Asked Questions
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