Info Edge (India) Limited — JV/Acquisition, 05-02-2025: Acquisition

The company has approved a contribution agreement to invest up to ₹1,000 Crore in IE Venture Investment Fund III, to be launched by Karkardooma Trust, pending SEBI and shareholders' approval. This strategic move aligns with the company's goal of fostering medium to long-term value through external financial investments. The investment, facilitated through Smartweb Internet Services Ltd., its wholly owned subsidiary, is deemed a related party transaction but is structured at arm's length. Once approved, the scheme will extend over 12 years, with withdrawals occurring as necessary.