Info Edge(India) Ltd. — Capital/Financing Update 2020

Jun 23, 2020

Date: June 23, 2020

1. The Manager- Listing National Stock Exchange of India Limited (Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited (Scrip Code: 532777)

Dear Sir/Madam ,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

The Company would like to inform you that IE Venture Fund I has entered into an agreement to invest about Rs. 3.5 Crore in Rusk Media Private Limited. The details of the transaction are given as under:

Sl.No.	Particulars	Details
1.	Name of the target entity, details in briefsuch as size, turnover etc.	Rusk Media Private Limited (“Rusk Media”)D-194, I Floor, Okhla Industrial Area, Phase- I, New Delhi –110020**Turnover (As on 31.03.2020):**Rs. 3.43 Crore (Unaudited)
2.	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/promotergroup/groupcompanies have any interest in the entitybeing acquired? If yes, nature of interestand details thereof and whether the same isdone at “arm’s length”	Rusk Media is not a Related Party as on the date of making thisInvestment.Promoters of the Company have no interest in the said investment.The transaction is done at Arm’s Length basis.
3.	Industry to which the entity being acquiredbelongs	Rusk Media is engaged in the business to carry on the productionof digital content across genres like fiction, music, lifestyle,technology, amongst other things and distribution of such contentacross multiple platforms, brands and fields. It is also engaged inmonetization of the content through brand sponsorship in lieu ofproduct placement/product integration which helps the brands inreaching young audience who are active on the internet platformsfor their content consumption. Rusk Media is also in the businessof working with external creators to create content on a contractualbasis, the same content to be monetized by creating brandedcontent with the same creators. It is also in the business of creatingoriginal content for over-the-top (OTT) platforms to generaterevenue from either from the OTT platforms or from the viewersdirectly.
4.	Objects and effects of acquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity.	The said investment would help IE Venture Fund I to support andgrow Rusk Media business in India.
5.	Brief details of any governmental orregulatory approvals required for theacquisition.	Not Applicable.

1. Indicative time period for completion of Immediate acquisition

2. Nature of Consideration- whether cash Cash Consideration consideration or share swap and details of the same.

3. Cost of acquisition or the price at which the shares are acquired.

   • About Rs. 3.5 Crore

4. Percentage of shareholding/control The IE Venture Fund I has agreed to acquire 2,779 -0.01% Seed Series acquired and/ or number of shares Compulsorily Convertible Preference Shares having Face value of Rs. acquired. 10/- each. The aggregate shareholding of IE Venture Fund I, post this investment, in Rusk Media would be 10% on a fully converted & diluted basis.

5. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).

	The IE Venture Fund I has agreed to acquire 2,779 -0.01% Seed SeriesCompulsorily Convertible Preference Shares having Face value of Rs.10/- each. The aggregate shareholding of IE Venture Fund I, post thisinvestment, in Rusk Media would be 10% on a fully converted &diluted basis.	The IE Venture Fund I has agreed to acquire 2,779 -0.01% Seed SeriesCompulsorily Convertible Preference Shares having Face value of Rs.10/- each. The aggregate shareholding of IE Venture Fund I, post thisinvestment, in Rusk Media would be 10% on a fully converted &diluted basis.
	Rusk Media, which was incorporated on February 13, 2019, is
	engaged in the business to carry on the production of digital content
	across genres like fiction, music, lifestyle, technology, amongst other
	things and distribution of such content across multiple platforms,
	brands and fields. It is also engaged in monetization of the content
	through brand sponsorship in lieu of product placement/product
	integration which helps the brands in reaching young audience who
	are active on the internet platforms for their content consumption.
	Rusk Media is also in the business of working with external creators
	to create content on a contractual basis, the same content	to be
	monetized by creating branded content with the same creators. It is
	also in the business of creating original content for over-the-top (OTT)
	platforms to generate revenue from either from the OTT platforms or
	from the viewers directly.
	Last threeyears turnover:
	2019-20202018-192017-2018
	3.43 Cr3.88 LacsNA
	(Unaudited)

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd.

MM Jain SVP- Secretarial & Company Secretary