Info Edge (India) Limited's board of directors has approved a significant investment commitment of up to Rs 250 crore in B8 Fund I, a Category II Alternative Investment Fund scheme. The decision was taken during a board meeting held on February 26, 2026, marking a strategic move to support India's entrepreneurial ecosystem while creating long-term value for the company.

Investment Structure and Partnership

The contribution agreement involves B8 Fund I, a scheme launched by B8 Trust, which is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012. Info Edge will make the investment directly and through its wholly owned subsidiaries, with Smartweb Internet Services Limited serving as both sponsor and investment manager of the fund.

Fund Details and Investment Focus

B8 Trust was incorporated and its scheme was launched in FY26, with the specific scheme launch date being February 12, 2026. The fund's primary objective is to generate long-term growth for contributors while supporting the Indian entrepreneurial ecosystem by investing in growth-stage tech-enabled companies in India or those primarily focused on the Indian market.

*Financial data not available as B8 Trust was incorporated and its scheme launched in FY26.

Investment Timeline and Structure

The fund has a structured timeline designed to maximize investment opportunities over an extended period. The scheme will have a lifespan of 8 years from the first closing, which occurs upon execution of the contribution agreement. This period can be extended by up to 2 additional years with the consent of two-thirds majority of the contributors.

The actual drawdown by the scheme will be made over time during its lifetime on a need basis, depending on several factors:

• Available investment opportunities
• Prevailing market conditions
• Fund's operational expenses
• Strategic investment timing

Regulatory Compliance and Related Party Considerations

Once the investment management agreement is executed between the trustee of the fund and Smartweb Internet Services Limited, the fund and its schemes will be regarded as a related party of Info Edge in accordance with Regulation 2(1)(zb) of the Listing Regulations. Consequently, this investment will fall under related party transactions, though it is being conducted on an arm's length basis.

The company has confirmed that promoters, promoter groups, or group companies have no interest in this investment. No governmental or regulatory approvals are required for this acquisition, streamlining the implementation process.

Strategic Rationale

This investment aligns with Info Edge's strategy on external financial investments that focus on value creation in medium to long-term prospects. The company will acquire units of B8 Fund I at face value, subject to the terms and conditions of the contribution agreement, which may be executed in one or more tranches based on market conditions and investment opportunities.

The board meeting, which commenced at 11:06 am and concluded at 11:21 am on February 26, 2026, demonstrates the company's commitment to swift decision-making in strategic investment opportunities that support India's growing technology sector.

ICICI Prudential Mutual Fund has crossed the 5% shareholding threshold in Info Edge (India) Ltd following a substantial acquisition of shares on February 23, 2026. The development was disclosed to BSE Limited on February 24, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The mutual fund acquired 10,77,948 shares of Info Edge through open market purchases on February 23, 2026. This net acquisition represents 0.17% of the company's total paid-up capital and resulted in the fund's shareholding exceeding the 5% regulatory threshold.

Company Share Capital Structure

Info Edge's equity share capital remains unchanged at ₹ 1,29,68,41,200, comprising 64,84,20,600 shares with a face value of ₹2 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Investment Perspective

ICICI Prudential Asset Management Company Limited, through authorized signatory Prashant Bhola, clarified that the shareholding across various schemes and investment strategies is maintained purely from an investment perspective. The fund explicitly stated that the acquisition is not aimed at seeking any controlling interest in Info Edge.

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting when shareholding crosses the 5% threshold. The fund confirmed it does not belong to the promoter or promoter group of Info Edge.

The acquisition reflects institutional confidence in Info Edge's business prospects, with ICICI Prudential Mutual Fund now holding a significant stake in the company through its diversified investment strategies.