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

Nov 2, 2021

Date: November 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

We would like to inform you that the Company has entered into an agreement to invest about Rs.41.2 Cr., in Metis Eduventures Private Limited (“Adda247”) through a mix of primary & secondary acquisition of shares. The details of the transaction are given as under:

Sl. No.	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	Metis Eduventures Private Limited (“Adda247”) 2-A/3, Kundan Mansion, Asaf Ali Road, New Delhi - 110002 Turnover (As on 31.03.2021): Rs 37.04 cr
2.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	Since Adda247 is an Associate company of the Company, it is a Related Party. Promoters of the Company have no interest in the said investment. The transaction is done at Arms’ Length Basis.
3.	Industry to which the entity being acquired belongs	Adda247 is an online government jobs preparation platform. It is India’s leading education-technology company that helps students prepare for several government jobs via its multiple platforms - bankersadda.com, sscadda.com, Adda247 mobile app, Adda247 Youtube channel, ctetadda.com and Career Power.
4.	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity.	As part of Company’s strategic investments, the acquisition would help the Company to consolidate its presence into a new line of business within the Internet Services/Tech Industry.

	5	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental	Brief details of any governmental		or regulatory	Not Applicable.
		approvals required for the		acquisition.
	6.	Indicative time period			for							completion of				On or before November 30, 2021.
		acquisition
	7.	Nature of Consideration-										whether cash				Cash Consideration
		consideration or share swap and												details of the
		same.
	8.	Cost of acquisition or	the			price								at which the		About Rs. 41.2 Cr.
		shares are acquired.
	9.	Percentage of shareholding/control acquired														Pursuant to this agreement, the Company will
		and/ or number of shares acquired.														acquire 868 Compulsorily Convertible Preference
																Shares having face value of Rs. 10/- as Primary and
																1102 Equity Shares having face value of Rs10/- as
																Secondary mode of acquisition of shares. The
																aggregate shareholding of the Company, post this
																investment, in the said entity would be 24.49% on	a
																fullyconverted & diluted basis.
	10.	Brief background about the entity acquired in														Adda247 which was incorporated on February 16,
		terms of products/line of business acquired, date														2012 is an online government jobs preparation
		of incorporation, history of last							3				years turnover,			platform. It is India’s leading education-technology
		country in which the acquired entity has														company that helps students prepare for several
		presence and any other	significant information													government jobs via its multiple platforms	-
		(in brief).														bankersadda.com, sscadda.com, Adda247 mobile
																app, Adda247 Youtube channel, ctetadda.com and
																Career Power.
																Last threeyears turnover: In INR Cr
																2020-21 2019-20 2018-19
																37.04 46.7 46.7
This is for your information and records.
Thanking You.
Yours faithfully,
ForInfo		Edge (India) Ltd.
MM Jain
SVP- Secretarial & Company Secretary