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

Feb 12, 2021

Date: February 12, 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 entered into an agreement through its wholly-owned subsidiary, to invest about Rs.9 crores, in 4B Networks Private Limited. 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.	4B Networks Private Limited (“4B”) Shop No S/13, A Wing, Ground Flr, KailashMansarovar Satynandji Maharaj Marg SiddhiVinayak Garden, Thane - 401101(Maharashtra) **Turnover (As on 31.03.2020):**Not Applicable,as the Company was incorporated on November5,2020.
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”	4B is not a related party as on the date of makingthis investment.Promoters of the Company have no interest inthe said investment.The transaction is done at Arms’ Length Basis.
3.	Industry to which the entity being acquired belongs	4B is engaged in the business of enabling realestate developers and brokers to communicatewith each other and conduct their business viathe Broker Network Platform.
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.	As part of Company’s strategic investments, theinvestment would help the Company tostrengthen its offering in the real estate segmentby providing a new platform to real estateindustry professionals to conduct their businessefficiently.
5.	Brief details of any governmental or regulatoryapprovals required for the acquisition.	Not Applicable.

	6.	Indicative timeperiod for completion of acquisition	Immediate	Immediate
	7.	NatureofConsideration-whethercash	Cash Consideration
		consideration or share swapand details of the same.
	8.	Cost of acquisition or the price at which the shares	Rs.9 Crores
		are acquired.
	9.	Percentage of shareholding/control acquired and/ or	The Company has agreed to acquire 1,747
		number of shares acquired.	Compulsorily Convertible Preference Shares
			(CCPS). The aggregate shareholding of the
			Company, post		this investment, in the said
			entity would be 12.30% on a fully converted &
			diluted basis.
	10.	Brief background about the entity acquired in terms	4B which was incorporated on November 5,
		of products/line of business acquired, date of	2020 is engaged		in the business of enabling real
		incorporation, history of last 3 years turnover,	estate developers and brokers to communicate
		country in which the acquired entity has presence	with each other		and conduct their business via
		and any other significant information (in brief).	the Broker Network Platform.
				Last threeyears turnover: In INR cr
				2019-2020	2018-192017-2018
				NA	NANA
	his is for your information and records.
	hanking	You.
	ours faithfully,
	orInfo	Edge (India) Ltd.
	M Jain
	VP- 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