Info Edge (India) Limited — Others, 05-03-2025: Rumour Verification - Regulation 30(11)

Info Edge (India) Limited confirmed its approximately 48% stake in NoPaperForms Solutions (Meritto) via its wholly owned subsidiary. Meritto’s board has approved a proposal for a ₹500 crore IPO, pending regulatory approvals. Currently, Info Edge has not decided on participating in the potential offer for sale or retaining its investment. This development keeps investors informed of Meritto's IPO intentions while maintaining a cautious stance on any immediate financial impact from Info Edge's involvement. Investor sentiment may remain neutral as the company assesses its options regarding this investment opportunity.