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

Apr 16, 2022

Date: April 16, 2022

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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 contribution agreements with following three schemes of the Alternate Investment Funds (AIFs) to commit contribution of up to Rs.1,300 crore in aggregate. The contributions can be made by the Company directly or through wholly owned subsidiary(ies) in accordance with the multiple drawdowns by the respective funds over the years. The details of the transaction are given as under:

Sl.	Particulars	Details	Details	Details
No.
1.	Name of the target entity, details in brief suchas size, turnover etc.	Info EdgeVenture FundFollow-on I, ascheme of InfoEdge VentureFund(“Follow on I”)Address:GroundFloor,12A94,Meghdoot,NehruPlaceDelhi- 110019Turnover-NA(schemehasbeenrecentlyapprovedbySEBI)	Info Edge VentureInvestment Fund II, ascheme of Info EdgeCapital (“Fund 2A”)Address:GroundFloor,12A94,Meghdoot,NehruPlace Delhi- 110019Turnover-NA (schemehasbeenrecentlyapproved by SEBI)	Capital 2BFund I, aschemeofCapital 2B(“Fund2B”)**Address:**GroundFloor, 12A 94,Meghdoot, NehruPlaceDelhi-110019Turnover-NA(application hasbeen filed withSEBI)
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”	The said investment would fall under related partytransaction(s) as a controlled trust in accordance withRegulation 2(1)(zb) of SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015. Thetransaction qualifies as material related party transactionand hence would be subject to shareholders’ approval.Promoters of the Company have no interest in the saidinvestment.

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			The transaction is done at Arm’s Length basis.	The transaction is done at Arm’s Length basis.	The transaction is done at Arm’s Length basis.	The transaction is done at Arm’s Length basis.
3.	Industry to which the entity being acquiredbelongs		Follow on I, Fund 2A and Fund 2B are trust(s) Registeredwith SEBI as Category II AIF (Fund 2B is registered withSEBI, while scheme approval is awaited), under the SEBIAlternativeInvestmentFundsRegulations2012,sponsored through Smartweb Internet Services Ltd. awhollyowned subsidiaryof theCompany
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.		The said investment is in line with company’s strategy onexternal financial investments that are focused on valuecreation in medium to long term prospects of theCompany.
5.	Brief details of any governmental or regulatoryapprovals required for the acquisition.		The transaction is subject to Shareholders’ approval, itbeing material related party transaction and subject toapproval of scheme bySEBI in case of Fund 2B.
6.	Indicative time period for completion ofacquisition		Respective contribution agreements with funds would besigned immediately, subject to shareholders’ approval(and approval of scheme by SEBI in case of Fund 2B).Actual drawdown will takeplace from time to time.
7.	Nature of Consideration- whether cashconsideration or share swap and details of thesame.		Cash Consideration
8.	Cost of acquisition or the price at which theshares are acquired.		Upto Rs.1,300 Crores asper details below:Scheme NameAmount in Rs.(crores)Info Edge Venture FundFollow-on IUpto Rs. 400 croreInfoEdgeVentureInvestment Fund IIUpto Rs. 600 croreCapital 2B Fund IUpto Rs. 300 Crore
			Scheme Name		Amount in Rs.(crores)
			Info Edge Venture FundFollow-on I		Upto Rs. 400 crore
			InfoEdgeVentureInvestment Fund II		Upto Rs. 600 crore
			Capital 2B Fund I		Upto Rs. 300 Crore
9.	Percentage of shareholding/control acquiredand/ or number of shares acquired.		The Company has agreed to acquire units of the saidentities at face value.
10.	Brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquired entityhas presence and any other significantinformation (in brief).		Follow on I, Fund 2A and Fund 2B are trust (s) Registeredwith SEBI as Category II AIF (Fund 2B is registered withSEBI, while scheme approval is awaited), under the SEBIAlternativeInvestmentFundsRegulations2012,sponsored through Smartweb Internet Services Ltd.Last threeyears 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.

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Chintan Thakkar Whole-time Director & CFO

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