Info Edge(India) Ltd. — Capital/Financing Update 2021

Dec 2, 2021

Date: December 2, 2021

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

This is to inform you that the Company has invested an amount of about Rs.18 Cr., through its wholly-owned subsidiary, in 4B Networks 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.	4B Networks Private Limited (“4B”)Shop No S/13,A Wing, Ground Floor, KailashMansarovar Satynandji Maharaj Marg, Siddhi VinayakGarden, Thane - 401101 (Maharashtra)**Turnover (As on 31.03.2021):**Not Applicable
2.	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/promoter group/group companieshave any interest in the entity beingacquired? If yes, nature of interest anddetails thereof and whether the same is doneat “arm’s length”	Since 4B is an Associate company of the Company, itis a Related Party.Promoters of the Company have no interest in the saidinvestment.The transaction is done at Arms’ Length Basis.
3.	Industry to which the entity being acquiredbelongs	4B is engaged in the business of enabling real estatedevelopers and brokers to communicate with each otherand conduct their business via the Broker NetworkPlatform. It helps Brokers conduct site visits andprovide home loan related services to their clients.
4.	Objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity.	As part of Company’s strategic investments, theinvestment would help the Company to strengthen itsoffering in the real estate segment by providing a newplatform to real estate industry professionals to conducttheir business efficiently.

5	Brief details of any governmental or regulatory	Not Applicable.
	approvals required for the acquisition.
6.	Indicative time period for completion of	Immediately.
	acquisition
7.	NatureofConsideration-whethercash	Cash Consideration
	consideration or share swap and details of the
	same.
8.	Cost of acquisition or the price at which the	About Rs. 18 Crores.
	shares are acquired.
9.	Percentage of shareholding/control acquired	The Company has acquired 5,059 Compulsory
	and/ or number of shares acquired.	Convertible Preference Shares (CCPS). The
		aggregate shareholding of the Company, post this
		investment, in the said entity would be 49.82% on		a
		fullyconverted and diluted basis.
10.	Brief background about the entity acquired in	4B which was incorporated on November 5, 2020 is
	terms of products/line of business acquired, date	engaged in the business of enabling real estate
	of incorporation, history of last 3 years turnover,	developers and brokers to communicate with each
	country in which the acquired entity has	other and conduct their business via the Broker
	presence and any other significant information	Network Platform.
	(in brief).
		Last three years turnover: In INR	Cr.
		2020-212019-20	2018-19
		NANA	NA

This is for your information and records.

Thanking You.

Yours faithfully,

For Info Edge (India) Ltd.

MM Jain SVP- Secretarial & Company Secretary