Info Edge(India) Ltd. — Capital/Financing Update 2023

May 10, 2023

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Date: May 10, 2023

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 Disclosure Requirements) Regulations, 2015

Dear Sir/Madam ,

This is to inform you that the Company has invested an amount of Rs. 20 Crores in Redstart Labs (India) Ltd., wholly owned subsidiary of the Company. The details of the transaction are given as under:

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Sl. Particulars Details
No.
1. Name of the target entity, details in brief such Redstart Labs (India) Ltd. (“Redstart”)
as size, turnover etc.
Address: Ground Floor, 12A 94, Meghdoot, Nehru Place
Delhi- 110019
Details as on March 31, 2022
Turnover PAT Networth
Nil Rs. 2,837,433 Rs. 4,778,598
2. Whether the acquisition would fall within The Company already holds 100% stake in Redstart on a
related party transaction(s) and whether the fully converted and diluted basis. Accordingly, it is a
promoter/promoter group/group companies wholly owned subsidiary of the Company in accordance
have any interest in the entity being acquired? with the Companies Act, 2013 and hence falls in the
If yes, nature of interest and details thereof and category of a related party as on the date of making this
whether the same is done at “arm’s length” 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 Redstart is engaged in the business of providing all types
belongs of Internet services, development of software,
consultancy, technical support for consumer companies,
internet or SAAS providers, and any other services in the
area of information technology and product development.
4. Objects and effects of acquisition (including This investment is to further strengthen Redstart
but not limited to, disclosure of reasons for financially enabling it to explore investment opportunities.
acquisition of target entity, if its business is
outside the main line of business of the listed
entity.
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5. Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition.
6. Whether any governmental or regulatory Not Applicable
approvals required for the acquisition
7. Provide brief details of the governmental or Not Applicable
regulatory approvals required for the
acquisition
8. Indicative time period for completion of Immediate
acquisition
9. Nature of Consideration- whether cash Cash Consideration
consideration or share swap and details of the
same.
10. Cost of acquisition or the price at which the Rs. 20 Crores
shares are acquired.
11. Percentage of shareholding/control acquired The Company has acquired 2,00,00,000-Equity shares
and/ or number of shares acquired. having face value of Rs. 10/- each.
12. Brief background about the entity acquired in Brief Background : Redstart is engaged in the business of
terms of products/line of business acquired, providing all types of Internet services, development of
date of incorporation, history of last 3 years software, consultancy, technical support for consumer
turnover, country in which the acquired entity companies, internet or SAAS providers, and any other
has presence and any other significant services in the area of information technology and product
information (in brief). development.
Date of Incorporation : July 7, 2020
Last three years turnover: (Rs.)
2021-22 2020-2021 2019-2020
Nil Nil N.A
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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: 2023.05.10 THAKKAR 12:47:48 +05'30'

Chintan Thakkar Whole-time Director & CFO

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