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

Oct 4, 2021

Date: October 4, 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 approved the investment of about Rs.15 Cr., through its whollyowned subsidiary, in 4B Networks Private Limited. This investment is in exercise of a right available to the Company to subscribe 4,245 additional securities for an amount upto Rs.15 Cr. 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”	The Company already holds 19.9% stake in 4B on afully diluted and converted basis. Accordingly, it istreated as a Joint Venture Company in accordance withapplicable Accounting Standards and hence thus fallsin the category of a related party as on the date ofmaking this investment.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 regulatoryapprovals required for the acquisition.		Not Applicable.	Not Applicable.	Not Applicable.
6.	Indicative time period for completion ofacquisition		Immediately
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. 15 Crores.
9.	Percentage of shareholding/control acquiredand/ or number of shares acquired.		The Company has agreed to acquire additional4,245 Compulsory Convertible Preference Shares(CCPS) to increase its shareholding in 4B from19.9% to 37.03% on a fully diluted and on aconverted 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).		4B which was incorporated on November 5, 2020 isengaged in the business of enabling real estatedevelopers and brokers to communicate with eachother and conduct their business via the BrokerNetwork Platform.Last three years turnover: In INR Cr.2020-212019-202018-19NANANA
			2020-21	2019-20	2018-19
			NA	NA	NA

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd.

MM Jain SVP- Secretarial & Company Secretary