Page 44 - Info Edge News Today

India Business News: NEW DELHI: The dispute between Info Edge and its portfolio company 4B Networks has reached arbitration after the management of the proptech startup le.

Experts advised traders to wait for some consolidation or a decent price dip before considering aggressive long positions.

Info Edge (India): The court has also directed 4B Networks to preserve all books, records, accounts, databases, servers, any other devices, documentation or information of the company.

Info Edge said after it did not receive any information and access for the forensic audit, it sent a legal notice and also filed a petition before the Delhi High Court for protection under relevant sections of the Arbitration and Conciliation Act.

Info Edge subsidiary AIPL did not receive crucial information from Rahul Yadav’s 4B Networks despite initiating a forensic audit

A total of 5,135 shares changed hands on the counter till 12:17PM (IST)

The stock quoted a 52-week high of Rs 4765.9 and a 52-week low of Rs 3310.0.

Per Dr Aarti Gupta, there’s value in having family offices on the captable because they bring in experience, mentorship and networks.

Lack of exit pressure can help CVCs generate higher returns than VCs, according to Info Edge founder Sanjeev Bikhchandani.

A total of 4,191 shares changed hands on the counter till 01:22PM (IST).