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

Mar 4, 2022

Date: March 4, 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 invested an amount of about Rs. 91 Cr in Aisle Network Private Limited through its wholly owned subsidiary. 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.	Aisle Network Private Ltd. (“Aisle”) Registered Office Address: Number 1142 6th Main, 7th Sector, HSR Layout, Bangalore, Karnataka – 560102 Turnover (As on 31.03.2021): Rs.7.56 cr
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”	Aisle 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 has been done at Arm’s Length basis.
3.	Industry to which the entity being acquired belongs	Aisle is engaged in the business of running multiple dating platforms on the web via its mobile apps Aisle, Anbe, Arike and HeyDil (“the Aisle Platforms”). These platforms allow users to browse through profiles of other users with the intent of finding their suitable partner.
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 strategic investments, the investment would help the Company to strengthen its offerings in the match making segment by addressing the needs of people of different age groups and beliefs, searchingfor a suitable match for them.
5.	Brief details of any governmental or regulatory approvals required for the acquisition.	Not Applicable.
6.	Indicative time period for completion of acquisition	Immediate

	7.	Nature of Consideration-	Nature of Consideration-	Nature of Consideration-	Nature of Consideration-	Nature of Consideration-	Nature of Consideration-	Nature of Consideration-				whether cash	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. 91 Cr.
		shares are acquired.
	9.	Percentage of shareholding/control acquired												The Company has agreed to acquire 21,483 shares
		and/ or number of shares acquired.												comprising 11,699 Compulsorily Convertible
														Preference Shares (CCPS) and 9,784 Equity Shares
														via mix of primary infusion and secondary purchase.
														The aggregate shareholding of the Company, post
														this investment, in the said entity would be about
														76% on a fully converted & diluted basis.
	10.	Brief background about the entity acquired in												Aisle was incorporated on January 10, 2014 and is
		terms of products/line of business acquired, date												engaged in the business of running multiple dating
		of incorporation, history of				last				3 years turnover,				platforms on the web via its mobile apps Aisle, Anbe,
		country in which the			acquired entity has									Arike and HeyDil (“the Aisle Platforms”). These
		presence and any other		significant information										platforms allow users to browse through profiles of
		(in brief).												other users with the intent of finding their suitable
														partner.
														Last threeyears turnover: INR Cr
														2020-21 2019-20 2018-19
														7.56 cr 7.60 cr 3.48 cr
	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