Info Edge will invest about Rs 30 Cr in HR tech firm Greytip Software by acquiring 3,58,581 Series-D compulsorily convertible debentures (CCDs) having a face value of ₹836.631 per Series-D CCD.
The company’s total shareholding, after this investment will be 28.73 per cent on a fully converted and diluted basis, it added.Also Read:Omega Healthcare to hire 18,000 professionals for their India expansion by 2023
“This investment will help the company create financial value as well as increase its presence in a business adjacent to one of its core operating businesses,” the filing said.
Greytip Software is an HR and payroll SaaS firm focused on serving SME customers in India and abroad, with its software solutions covering all areas, including employee information management, leave and attendance management, payroll and expense claims. It helps companies in streamlining HR operations and enhancing employee experience, thereby increasing productivity.
