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The Economic Times
The Economic Times
Business
Veer Sharma

Info Edge shares jump 4% as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore

Info Edge

Info Edge shares gained over 4% to Rs 1,025 on the BSE on Tuesday after it said its artificial intelligence investments have more than doubled in value, with its AI startup portfolio rising to Rs 1,268 crore from Rs 614 crore across 28 companies.

According to a shareholder letter released by the company on June 22, the portfolio has generated a 2.1x multiple and an estimated gross internal rate of return (IRR) of 31%.

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