Info Edge Approves Transfer of Gramophone Stake to Unnati, Plans ₹35 Crore Fresh Investment

Info Edge (India) Ltd has officially confirmed the merger between its agritech portfolio company Gramophone and Unnati Agri, marking a significant consolidation in the digital agri-input space. This strategic move is set to reshape the landscape of India's agritech sector. 

Details of the Merger 

Info Edge's wholly owned subsidiary, Startup Investments (Holding) Ltd (SIHL), will transfer its entire stake in Agstack Technologies Pvt Ltd (Gramophone) to Akshamaala Solutions Pvt Ltd (Unnati) through a share swap arrangement.  

SIHL will transfer 3,39,305 shares, representing a 50.94% stake in Gramophone, to Unnati at a valuation of ₹2,702.87 per share, amounting to ₹91.7 crore. In exchange, Unnati will issue 49,145 preference shares, giving SIHL a 15.75% stake in Unnati. 

Investment and Stake Details 

In addition to the share swap, Info Edge will invest ₹35 crore as a primary infusion in Unnati by subscribing to 18,756 preference shares. This investment will increase Info Edge's aggregate shareholding in Unnati to 20.53%.  

However, this stake is expected to dilute to 18.48% once all Gramophone shareholders receive Unnati shares as part of the merger. 

Strategic Implications 

The merger aims to combine Unnati's B2B agri-input distribution and financing network with Gramophone's farmer-facing advisory and commerce platform.  

This consolidation is one of the most significant moves in India's agritech sector in recent years, potentially enhancing operational efficiencies and market reach. 

Read More: India’s KFC and Pizza Hut Operators Sapphire Foods and Devyani International to Merge in $934 Million Deal! 

Financial Performance 

Unnati recorded revenue of ₹291 crore in FY25, with a loss of ₹18.4 crore during the same period. The transaction is expected to close within 90 days, subject to the completion of definitive agreements and customary conditions. 

Info Edge Share Price Performance  

As of January 05, 2026, at 1:36 PM, Info Edge share price on NSE was trading at ₹1,348.10 down by 1.43% from the previous closing price. 

Conclusion 

The merger between Gramophone and Unnati, confirmed by Info Edge, represents a pivotal development in the agritech sector. By combining their strengths, the companies aim to create a more robust platform for digital agri-input services in India. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.