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

Jul 6, 2021

Date: July 6, 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 Board of Directors of the Company at its meeting held on July 5, 2021, approved acquisition of 100% of the Share Capital on a fully diluted basis of Axilly Labs Private Limited for an aggregate cash consideration of about Rs.21 Crores. The transaction is subject to fulfilment of certain prescribed conditions precedent and other terms and conditions as per Share Purchase Agreements authorised to be signed by the Board for the proposed acquisition.

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.		Axilly Labs Private Limited (“DoSelect”) Regd Office:4th Floor, 735, 15th A Main 22nd Cross, Club Road, HSR layout, Bangalore, Karnataka 560102 Turnover (As on 31.03.2021):Rs. 4.23 Cr. Please see business description set out in point 3 below.
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”		DoSelect is not a related party as on the date of this acquisition. Promoters of the Company have no interest in the said acquisition. The transaction is done at Arms’ Length Basis.
3.	Industry to which the entity being acquired belongs		DoSelect is engaged in the business of providing technical assessment services to its clients for recruitment and learning purposes. It delivers these services via its technical assessment platform ‘doselect.com’.
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.		The proposed acquisition would help the Company to offer a new variety of services under its flagship brand Naukri.com helping the Company to further consolidate its position in the online recruitment solutions segment where Naukri.com already enjoys an established leadership position.

	5. Brief details of any governmental or regulatory	Not Applicable.
	approvals required for the acquisition.
	6. Indicative timeperiod for completion of acquisition	On or before July31,2021
	7. Nature of Consideration- whether cash	Cash Consideration
	consideration or share swapand details of the same.
	8. Cost of acquisition or the price at which the shares	About Rs. 21 Crores.
	are acquired.
	9. Percentage of shareholding/control acquired and/ or	The Company has agreed to acquire 100% (One
	number of shares acquired.	Hundred Percent) Share Capital on a fully
		diluted basis. Post the acquisition, DoSelect will
		become wholly-owned subsidiary of the
		Company.
	10. Brief background about the entity acquired in terms	DoSelect is engaged in the business of
	of products/line of business acquired, date of	providing technical assessment	services to its
	incorporation, history of last 3 years turnover,	clients for recruitment and learning purposes. It
	country in which the acquired entity has presence	delivers these services via	its technical
	and any other significant information (in brief).	assessment platform ‘doselect.com’.
		Date of incorporation: 26 November 2015
		Last threeyears turnover:
		2020-21 2019-20	2018-19
		Rs.4.23 Cr. Rs.3.50 Cr.	Rs.1.76 Cr.
	s is for your information and records.
	nking You.
	urs faithfully,
	Info Edge (India) Ltd.
	Jain
	P- Secretarial & Company Secretary

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd.

MM Jain SVP- Secretarial & Company Secretary