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

Feb 4, 2023

61935_rns_2023-02-04_6fa37b32-a6c9-4166-88b2-3b2e50043a29.pdf

Capital/Financing Update

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Date: February 04, 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 Startup Investments (Holding) Ltd. (“SIHL”), a wholly-owned subsidiary of the Company has agreed to invest about Rs. 4 Crores in Printo Document Services Private Limited. 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 Printo Document Services Private Limited. (“Printo”)
as size, turnover etc.
Address: 29/5, Shankar Mahal Sophia Collage Lane,
Breach Candy, Mumbai-400026
Turnover (As on 31.03.2022): Rs. 90.08 Cr.
2. Whether the acquisition would fall within Since Printo is an Associate company of the Company, it
related party transaction(s) and whether the is a Related Party.
promoter/promoter group/group companies
have any interest in the entity being acquired? Promoters of the Company have no interest in the said
If yes, nature of interest and details thereof and investment.
whether the same is done at “arm’s length”
The transaction is done at Arm’s Length basis.
3. Industry to which the entity being acquired Printo is a print-on-demand platform for personal and
belongs business print and corporate merchandise in India. The
Company provides business cards, business stationary, ID
cards/accessories, flyers/leaflets, posters, standees,
brochures, signage, stickers, calendars and diaries; gift
products; personalized greeting cards; photo books; T-
shirts and apparel; and marketing collaterals. It retails its
products online and via retail stores
4. Objects and effects of acquisition (including This follow on investment by the Company through SIHL
but not limited to, disclosure of reasons for is in furtherance of Company’s investment strategy, which
acquisition of target entity, if its business is includes making external financial investments that are
outside the main line of business of the listed focused on value creation in the medium to long term.
entity.
5. Brief details of any governmental or regulatory Not Applicable.
approvals required for the acquisition.
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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 About Rs. 4 Crores.
shares are acquired.
9. Percentage of shareholding/control acquired SIHL has agreed to acquire 1,870 – 0.01% Compulsorily
and/ or number of shares acquired. Convertible Preference Shares as primary acquisition of
shares. The aggregate shareholding of the Company
through SIHL, post this investment, in the said entity
would be 21.73% on fully converted & diluted basis.
10. Brief background about the entity acquired in Printo started operations in 2005 offering customized
terms of products/line of business acquired, visiting cards printing, brochures printing, business cards
date of incorporation, history of last 3 years printing, personalized greeting cards, marketing
turnover, country in which the acquired entity collaterals, gift products and much more.
has presence and any other significant
information (in brief). Last three years turnover: (Rs. In crores.)
2021-22 2020-2021 2019-2020
90.08 65.56 108.77
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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: 2023.02.04 THAKKAR 15:19:45 +05'30' Chintan Thakkar Whole-time Director & CFO

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