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

Mar 25, 2022

Date: March 25, 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 Company has invested an amount of Rs.140 Crores in Allcheckdeals India Pvt. Ltd., wholly owned subsidiary of the Company. 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.	Allcheckdeals India Pvt. Ltd. (“ACD”) Registered Office Address:Ground Floor, 12A 94, Meghdoot, Nehru Place Delhi- 110019 Turnover(As on 31.03.2021): Nil
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”	The Company already holds 100% stake in ACD on a fully converted and diluted basis. Accordingly, it is a wholly owned subsidiary of the Company in accordance with the Companies Act, 2013 and hence falls in the category of 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	ACD is engaged in the business of Brokerage services in the real estate sector in India.
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.	The said investment is to further strengthen the Wholly owned Subsidiary financially in order for it to pursue its strategy of developing services with the use of technology and innovative business models in the large sized and rapidly growing real estate vertical through organic or inorganic channels. This would enhance value of the Company's investments on the one hand and on the other, it will boost synergies with the Company’s operating business in the same vertical.

	5.	Brief details of any governmental	Brief details of any governmental	or regulatory		Not Applicable.	Not Applicable.
		approvals required for the acquisition.
	6.	Indicative time period for	completion of			Immediate
		acquisition
	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		Rs. 140 Crores.
		shares are acquired.
	9.	Percentage of shareholding/control acquired				The Company has agreed to acquire 1,40,00,000-
		and/ or number of shares acquired.				0.0001% Compulsorily			Convertible Debentures
						(“CCDs”) having face value of Rs. 100/- each.
	10.	Brief background about the entity acquired in				ACD was incorporated on August 1, 2008 and					is
		terms of products/line of business acquired, date				engaged in the business of Brokerage services in the
		of incorporation, history of last 3 years turnover,				real estate sector in India.
		country in which the acquired entity has
		presence and any other significant information				Last threeyears turnover:			(Rs.)
		(in brief).					2020-2021	2019-2020		2018-2019
							Nil	Nil		41.6 lacs
This is for your information and records.
Thanking You.
Yours faithfully,
ForInfo		Edge (India) Ltd.
Chintan		Thakkar
Whole-time Director & CFO