Info Edge(India) Ltd. — Capital/Financing Update 2022

Sep 21, 2022

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Date: September 21, 2022

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 Board of Directors of the Company has approved entering into agreement to invest about Rs.80 Cr., in Metis Eduventures Private Limited (“Adda247”) as primary acquisition of shares. The details of the transaction are given as under:

Sl.	Particulars	Details
No.
1.	Name of the target entity, details in brief suchas size, turnover etc.	Metis Eduventures Private Limited (“Adda247”)2-A/3 Kundan Mansion, Asaf Ali Road, New Delhi110002Turnover(As on 31.03.2022): Rs. 64 Cr
2.	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/promoter group/group companieshave any interest in the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at “arm’s length”	Since Adda247 is an Associate company of the Company,it is a Related Party.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	Adda247 is engaged in the business of deliveringeducational services and assistance to students preparingfor examinations through software technology platforms(both web and mobile application) and is additionallyengaged in delivering educational services through offlineclassroom based methodology.
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.	This follow on investment by the Company is infurtherance of Company’s investment strategy, whichincludes making external financial investments that arefocused on value creation in the medium to long term.
5.	Brief details of any governmental or regulatoryapprovals required for the acquisition.	Not Applicable.
6.	Indicative time period for completion ofacquisition	Immediate

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7.	Nature of Consideration- whether cash	Cash Consideration
	consideration or share swap and details of the
	same.
8.	Cost of acquisition or the price at which the	About Rs. 80 Cr.
	shares are acquired.
9.	Percentage of shareholding/control acquired	The Company has agreed to acquire 14,088 Series B -
	and/ or number of shares acquired.	Compulsorily Convertible Preference Shares having face
		value of Rs. 5/- each as primary acquisition of shares. The
		aggregate shareholding of the Company, post this
		investment, in the said entity would be 23.01% on a fully
		converted & diluted basis.
10.	Brief background about the entity acquired in	Adda247 which was incorporated on February 16,		2012 is
	terms of products/line of business acquired,	engaged in the business of delivering educational services
	date of incorporation, history of last 3 years	and assistance to students preparing for examinations
	turnover, country in which the acquired entity	through software technology platforms (both web and
	has presence and any other significant	mobile application) and is additionally engaged in
	information (in brief).	delivering educational services through offline classroom
		based methodology.
		Last threeyears turnover: In INR Cr
			2021-222020-212019-20
			6446.740.5

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd. CHINTAN Digitally signed by CHINTAN ARVIND ARVIND THAKKAR Date: 2022.09.21 THAKKAR 13:25:00 +05'30' Chintan Thakkar Whole-time Director & CFO

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