Corporate News     06-Jul-21
Board of Info Edge (India) approves acquisition of Axilly Labs (Do Select)
At meeting held on 05 July 2021
The Board of Info Edge (India) at its meeting held on 05 July 2021 has approved the acquisition of 100% of the Share Capital on a fully diluted basis of Axilly Labs (Do Select) for an aggregate cash consideration of about Rs.21 crore.

The transaction is subject to fulfilment of certain prescribed conditions precedent and other terms and conditions as per Share Purchase Agreements authorised to be signed by the Board for the proposed acquisition.

DoSelect is engaged in the business of providing technical assessment services to its clients for recruitment and learning purposes. It delivers these services via its technical assessment platform ‘doselect.com'.

The proposed acquisition would help the Company to offer a new variety of services under its flagship brand Naukri.com helping the Company to further consolidate its position in the online recruitment solutions segment where Naukri.com already enjoys an established leadership position.

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