Info Edge India : IEIL Reg 30 Adda

Date: September 21, 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 Board of Directors of the Company has approved entering into agreement to invest about Rs.80 Cr., in Metis Eduventures Private Limited ("Adda247") as primary acquisition of shares. The details of the transaction are given as under:

Sl.	Particulars	Details
No.
1. Name of the target entity, details in brief such	Metis Eduventures Private Limited ("Adda247")
	as size, turnover etc.
		2-A/3 Kundan Mansion, Asaf Ali Road, New Delhi
		110002

			Turnover (As on 31.03.2022): Rs. 64 Cr
2. Whether the acquisition would	fall within	Since Adda247 is an Associate company of the Company,
	related party transaction(s) and whether the	it 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 Arms' Length Basis.
3. Industry to which the entity being acquired	Adda247 is engaged in the business of delivering
	belongs		educational services and assistance to students preparing
			for examinations through software technology platforms
			(both web and mobile application) and is additionally
			engaged in delivering educational services through offline
			classroom based methodology.
4. Objects and effects of acquisition (including	This follow on investment by the Company is in
	but not limited to, disclosure of reasons for	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.

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. 80 Cr.
	shares are acquired.
9.	Percentage of shareholding/control acquired		The Company has agreed to acquire 14,088 Series B -
	and/ or number of shares acquired.		Compulsorily Convertible Preference Shares having face
			value of Rs. 5/- each as primary acquisition of shares. The
			aggregate shareholding of the Company, post this
			investment, in the said entity would be 23.01% on a fully
			converted & diluted basis.
10.	Brief background about the entity acquired in		Adda247 which was incorporated on February 16, 2012 is
	terms of products/line of business acquired,		engaged in the business of delivering educational services
	date of incorporation, history of last 3 years		and assistance to students preparing for examinations
	turnover, country in which the acquired entity		through software technology platforms (both web and
	has presence and any other significant		mobile application) and is additionally engaged in
	information (in brief).		delivering educational services through offline classroom
			based methodology.
			Last three years turnover: In INR Cr
			2021-22		2020-21		2019-20
			64		46.7		40.5

This is for your information and records.

Thanking You.

Yours faithfully,

For Info Edge (India) Ltd.

CHINTAN ARVIND THAKKAR

Digitally signed by

CHINTAN ARVIND THAKKAR

Date: 2022.09.21 13:25:00 +05'30'

Chintan Thakkar Whole-time Director & CFO