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

Nov 21, 2021

Date: November 21, 2021

1. The Manager- Listing National Stock Exchange of India Limited

(Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited

(Scrip Code: 532777)

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

Dear Sir/Madam ,

This is to inform you that the Company has invested an amount of about Rs.207 Crores in Startup Investments (Holding) Ltd., wholly owned subsidiary of the Company. The details of the transaction are given as under:

Sl.	Particulars	Details
No.
1.	Name of the target entity, details in brief such as size, turnover etc.	Startup Investments (Holding) Ltd. (“SIHL”) Registered Office Address:Ground Floor, 12A 94, Meghdoot, Nehru Place Delhi- 110019 Turnover(As on 31.03.2021): Nil
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”	The Company already holds 100% stake in SIHL on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of a related party as on the date of making this investment. 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 acquired belongs	SIHL is engaged in Holding and investment company and management consultancy activities including provision of advice, guidance or operational assistance to businesses
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 investments, the present investment allows Company to strengthen the financial health of its mentioned wholly-owned subsidiary enabling it to offer improved services helping it to diversify, organically and/or inorganically, into other connected areas.

5.	Brief details of any governmental or regulatory approvals required for the acquisition.		Not Applicable.	Not Applicable.	Not Applicable.
6.	Indicative time period for completion of acquisition		Immediate
7.	Nature of Consideration- whether cash consideration or share swap and details of the same.		Cash Consideration
8.	Cost of acquisition or the price at which the shares are acquired.		About Rs. 207 Crores.
9.	Percentage of shareholding/control acquired and/ or number of shares acquired.		The Company has agreed to acquire 2,07,00,000- 0.0001% Compulsorily Convertible Debentures (“CCDs”) having face value of Rs. 100/- each, convertible within a period not exceeding 10 (Ten) years, at any time from the date of allotment on agreed terms and conditions.
10.	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).		SIHL was incorporated on March 4, 2015 and engaged in Holding and investment company and management consultancy activities including provision of advice, guidance or operational assistance to businesses. Last threeyears turnover:(Rs.) 2020-2021 2019-2020 2018-2019 Nil Nil Nil
			2020-2021	2019-2020	2018-2019
			Nil	Nil	Nil

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd. MM Jain SVP- Secretarial & Company Secretary