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

Nov 23, 2021

Date: November 23, 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 entered into an agreement to invest, through its wholly-owned subsidiary, about Rs. 10 Cr. in one or more tranches in International Educational Gateway Private Limited (“Univariety”). 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.	International Educational Gateway Private Limited(“Univariety”) H. No. 8-2-624, Suite 301, Sri Durga Towers, Road No.10, Banjara Hills, Hyderabad – 500034Turnover(As on 31.03.2021): Rs. 8.31 Cr.
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 Univariety is an Associate company of theCompany, it is a Related Party. Promoters of the Company have no interest in the saidinvestment.The transaction is done at Arm’s Length basis.
3.	Industry to which the entity being acquiredbelongs	Univariety is a technology driven career guidance &alumni management platform for schools. It providescounseling products and services to students, schools,colleges and educators. These enable students andparents take better informed decisions on highereducation and related products and services. Theproducts and services are provided through physicalconnects,anonlineportalnamedaswww.univariety.com and through third party portals ofpartner entities.
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 consolidate itspresence into the aforesaid line of business.

5	Brief details of any governmental or regulatoryapprovals required for the acquisition.		Not Applicable.	Not Applicable.	Not Applicable.
6.	Indicative time period for completion ofacquisition		Within 6 months
7.	NatureofConsideration-whethercashconsideration or share swap and details of thesame.		Cash Consideration
8.	Cost of acquisition or the price at which theshares are acquired.		About Rs.10 Cr. in one or more tranches
9.	Percentage of shareholding/control acquiredand/ or number of shares acquired.		The Company has agreed to acquire 9,471 Series A2Compulsory Convertible Preference Shares havinga face value of Rs. 100/- each. The aggregateshareholding of the Company, post this investment,in the said entity would be 47.12% on a fullyconverted & diluted basis.
10.	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 years turnover,country in which the acquired entity haspresence and any other significant information(in brief).		Univariety which was incorporated on May 19,2015, is engaged in an educational business ofproviding products and services and counselling tostudents, schools, colleges and educators (viawebsite namely www.univariety.com).Last three years turnover:2020-20212019-20202018-20198.31 Cr.9.71 Cr.7.66 Cr.
			2020-2021	2019-2020	2018-2019
			8.31 Cr.	9.71 Cr.	7.66 Cr.

This is for your information and records.

Thanking You.

Yours faithfully,

For Info Edge (India) Ltd.

MM Jain SVP- Secretarial & Company Secretary