Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹1356.50

prior close

₹1358.10

announcement price

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.7%-0.7% vs market

Internet & Catalogue Retail peers, median of 6sector+0.4%+0.5% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 0.5 pts more than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

+0.5+1.9-1.5+1.1-0.6

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UpDownMarket · Nifty Midcap 150Sector · Internet & Catalogue Retail peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of amalgamation of Makesense Technologies Limited, a subsidiary of Info Edge, with PB Fintech Limited (the parent of PolicyBazaar) and their respective shareholders. The order was pronounced on August 29, 2025, under Sections 230-232 of the Companies Act, 2013. This follows Info Edge's original disclosure on this matter from April 27, 2022, meaning the merger approval process has taken over three years to conclude. Makesense Technologies is one of Info Edge's early investments that eventually became part of the PolicyBazaar (PB Fintech) group.

Likely market impact

This is a structural event with no direct cash impact, but it consolidates Info Edge's holding and may allow shareholders to participate more directly in the value of the PolicyBazaar business. The long-pending NCLT clearance removes a key overhang on the merger structure, though actual shareholder benefits will depend on the share swap ratio already disclosed earlier.