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

Jun 11, 2021

Date: June 11, 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 June 11, 2021, approved acquisition of 100% of the Share Capital on a fully diluted basis of Zwayam Digital Pvt. Ltd. for an aggregate cash consideration of about Rs.61 Crores. The transaction is subject to fulfilment of certain prescribed conditions precedent and other terms and conditions as per Share Purchase Agreement authorised to be signed by the Board.

The details of the transaction are given as under:

Sl.No.	Particulars	Details
1.	Name of the target entity, details in brief such assize, turnover etc.	Zwayam Digital Private Limited(“Zwayam”)A-107, Ittina Abby Apartments, 8th A MainRoad, LB Shastri Nagar, Bengaluru, Karnataka560 017Turnover(As on 31.03.2021): Rs.6.46 Cr.
2.	Whether the acquisition would fall within relatedpartytransaction(s)andwhetherthepromoter/promoter group/group companies haveany interest in the entity being acquired? If yes,nature of interest and details thereof and whether thesame is done at “arm’s length”	Zwayam is not a related party as on the date ofthis acquisition.Promoters of the Company have no interest inthe said acquisition.The transaction is done at Arms’ Length Basis.
3.	Industry to which the entity being acquired belongs	Zwayam is engaged in the business of providingSaaS based sourcing and screening recruitmentsolutions and providing end-to-end recruitmentsolutions with configurable plug and playmodules.
4.	Objects and effects of acquisition (including but notlimited to, disclosure of reasons for acquisition oftarget entity, if its business is outside the main lineof business of the listed entity.	The proposed acquisition would help theCompany to further consolidate its position inthe online recruitment solutions segment whereits flagship brand Naukri.com already has anestablished 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 June 30,2021
	7.	NatureofConsideration-whethercash	Cash Consideration
		consideration or share swapand details of the same.
	8.	Cost of acquisition or the price at which the shares	About Rs.61 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 is complete,
			Zwayam will become wholly-owned subsidiary
			of the Company.
	10.	Brief background about the entity acquired in terms	Zwayam is engaged in the business of providing
		of products/line of business acquired, date of	SaaS based sourcing and screening recruitment
		incorporation, history of last 3 years turnover,	solutions and providing end-to-end recruitment
		country in which the acquired entity has presence	solutions with configurable	plug and play
		and any other significant information (in brief).	modules.
			Last threeyears turnover:
			2020-212019-20		2018-19
			Rs.6.46 Cr.Rs.4.40 Cr.		Rs.2.27Cr.
	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