Info Edge India : Acquisition

Date: August 13, 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 agreed to invest an amount of Rs.300 Crores in Startup Investments (Holding) Ltd., wholly owned subsidiary of the Company. The details of the transaction are given as under:

Sl.	Particulars	Details
No.
1.	Name of the target entity, details in brief such	Startup Investments (Holding) Ltd. ("SIHL")
	as size, turnover etc.
		Registered Office Address: Ground Floor, 12A 94,
		Meghdoot, Nehru Place Delhi- 110019
		Turnover (As on 31.03.2022): Nil
2.	Whether the acquisition would fall within	The Company already holds 100% stake in SIHL 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	SIHL is engaged in the business of being a holding and
	belongs	investment Company.
4.	Objects and effects of acquisition (including	The present investment would help SIHL to explore
	but not limited to, disclosure of reasons for	investment opportunities including contribution to AIF(s)
	acquisition of target entity, if its business is	managed by Smartweb Internet Services Ltd.
	outside the main line of business of the listed
	entity.
5.	Brief details of any governmental or regulatory	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. 300 Crores.
	shares are acquired.
9.	Percentage of shareholding/control acquired		The Company has agreed to acquire 30,000,000-0.0001%
	and/ or number of shares acquired.		Compulsorily Convertible Debentures ("CCDs") having
			face value of Rs. 100/- each, convertible within a period
			not exceeding 10 (Ten) years, at any time from the date of
			allotment on agreed terms and conditions.
10.	Brief background about the entity acquired in		SIHL was incorporated on March 4, 2015 and is engaged
	terms of products/line of business acquired,		in the business of being a holding and investment
	date of incorporation, history of last 3 years		Company.
	turnover, country in which the acquired entity
	has presence and any other significant		Last three years turnover: (Rs.)
	information (in brief).		2021-2022	2020-2021		2019-2020
			Nil	Nil		Nil

This is for your information and records.

Thanking You.

Yours faithfully,

For Info Edge (India) Ltd.

Chintan Thakkar

Whole-time Director & CFO