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

Feb 15, 2022

Date: February 15, 2022

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 to acquire securities in Juno Learning Pvt. Ltd. (“Juno”) for an amount of about Rs.11.25 Cr. 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.	Juno Learning Pvt. Ltd. (“Juno”) C-PH03, Palm Springs, Golf Course Road, Gurugram - 122002 Turnover (As on 31.03.2021):Juno is newly incorporated and is under first year of its operations.
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”	Juno is not a Related Party as on the date of making this Investment. Promoters of the Company have no interest in the said investment. The transaction is done at Arm’s Length basis.
3.	Industry to which the entity being acquired belongs	Juno is engaged in the business, which is an interactive, online school that teaches sales techniques, processes, and tools to students and entry-level professionals in an experiential manner, to enhance employability.
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.	As part of the Company's strategy, the investment would help the Company create and consolidate its presence into a niche vertical of "Sales upskilling". It perfectly fits into the Company's playbook to invest in adjacencies to recruitment and education verticals and create synergies with its existingbusinesses.
5.	Brief details of any governmental or regulatory approvals required for the acquisition.	Not Applicable.

	6.	Indicative timeperiod	Indicative timeperiod	Indicative timeperiod	Indicative timeperiod	Indicative timeperiod	Indicative timeperiod	Indicative timeperiod	for	for	for	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	completion of acquisition	Immediate
	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. 11.25 Crore
		are acquired.
	9.	Percentage of shareholding/control acquired																	and/ or									The Company has agreed to	acquire 4,331
		number of shares		acquired.																								Compulsorily Convertible Preference Shares
																												having face value of Rs. 10/- each		as Primary
																												acquisition of shares. The		aggregate
																												shareholding of the Company,		post this
																												investment, in the said entity would be 25% on
																												a fullyconverted & diluted basis.
	10.	Brief background about the entity acquired															in terms											Founded by Tarun Matta, Juno	is	building an
		of products/line			of				business acquired,								date							of				interactive online school that	teaches sales
		incorporation,	history								of last 3 years					turnover,												techniques, processes, and tools to		entry-level
		country in which			the				acquired entity has							presence												professionals and students in an		experiential
		and any other significant information (in brief).																										manner, to enhance employability. Tarun Matta, has successfully built platforms
																												like iimjobs.com and hirist.com (online
																												recruitment platforms in Management and Engineering space) as an entrepreneur and later
																												for Infoedge post its acquisition.
																												Date of Incorporation: November 11, 2021
																												Last threeyears turnover:
																												2020-2021 2019-2020		2018-19
																												NA NA		NA
	his is for your information and								records.
	hanking	You.
	ours faithfully,
	orInfo	Edge (India) Ltd.
	hintan	Thakkar
	hole-ti	me Director &	CFO

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd. Chintan Thakkar Whole-time Director & CFO