Date: March 11, 2021 1. The Manager- Listing National Stock Exchange of India Limited (Scrip Code: NAUKRI) 2. The Manager- Listing BSE Limited (Scrip Code: 532777) Sub.: Intimation of Publication of Notice of the Separate Meetings to be held for Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company pursuant to order dated February 10, 2021 passed by Hon’ble National Company Law Tribunal, Principal Bench, New Delhi for the purpose of considering Scheme of Amalgamation between Highorbit Careers Pvt. Ltd. (“Transferor Company”) and Info Edge (India) Ltd. (“Transferee Company”) Dear Sir/Madam, Pursuant to order dated February 10, 2021 passed by Hon’ble National Company Law Tribunal, Principal Bench, New Delhi, please find enclosed herewith the copy of the newspaper publication of Notice of the Separate meetings to be held for Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company for the purpose of considering Scheme of Amalgamation between Highorbit Careers Pvt. Ltd. (“Transferor Company”) and Info Edge (India) Ltd. (“Transferee Company”) published in the following editions: - Business Standard (National Daily newspaper) on March 11, 2021 - Business Standard Hindi (Daily newspaper of the State) on March 11, 2021 Submitted for your information & records. Thanking you, Yours faithfully, For Info Edge (India) Ltd. MM Jain Company Secretary Encl: as above
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Date: March 11, 2021
1. The Manager- Listing
National Stock Exchange of India Limited
(Scrip Code: NAUKRI)
2. The Manager- Listing
BSE Limited
(Scrip Code: 532777)
Sub.: Intimation of Publication of Notice of the Separate Meetings to be held for Equity
Shareholders, Secured Creditors and Unsecured Creditors of the Company pursuant to order
dated February 10, 2021 passed by Hon’ble National Company Law Tribunal, Principal Bench,
New Delhi for the purpose of considering Scheme of Amalgamation between Highorbit Careers
Pvt. Ltd. (“Transferor Company”) and Info Edge (India) Ltd. (“Transferee Company”)
Dear Sir/Madam,
Pursuant to order dated February 10, 2021 passed by Hon’ble National Company Law Tribunal,
Principal Bench, New Delhi, please find enclosed herewith the copy of the newspaper publication of
Notice of the Separate meetings to be held for Equity Shareholders, Secured Creditors and Unsecured
Creditors of the Company for the purpose of considering Scheme of Amalgamation between Highorbit
Careers Pvt. Ltd. (“Transferor Company”) and Info Edge (India) Ltd. (“Transferee Company”)
published in the following editions:
- Business Standard (National Daily newspaper) on March 11, 2021
- Business Standard Hindi (Daily newspaper of the State) on March 11, 2021
Submitted for your information & records.
Thanking you,
Yours faithfully,
For Info Edge (India) Ltd.
MM Jain
Company Secretary
Encl: as above
RBI... Bond market experts say the acceptance of higher yields was perhaps not out of sync with what is happening glob-ally.
“In emerging markets like Thailand, Malaysia, and Indonesia, yields have hard-ened by 60 basis points or so. The bond yields cannot remain soft if left to the mar-ket,” said Gopal Tripathi, head of treasury at Jana SFB.
However, the central bank’s power to bring down yields near the end of the financial year should not be discounted.
“RBI has enough tools to soften the yields near the year-end, otherwise there may be heavy losses in banks’ treasury books,” said Tripathi.
For the majority of finan-cial year 2020-21 banks have bought the 10-year bond at around 6 per cent. If the yields close significantly higher than that, treasuries will incur loss-es. To that effect, RBI can announce a massive OMO towards the end of the month, which would rapidly reduce yields temporarily. But this would be an intervention to save banks. At some level, sav-ing investors in local bonds also becomes important for RBI because it has to sell ~12 trillion in bonds in the next financial year. If banks can’t cut losses, they won’t be buy-ing those bonds, bond dealers say.
Part of that effort was seen in Wednesday’s OMO pur-chase. In the past few auc-tions, primary dealers had to buy the bonds. Through
OMO, RBI seemed to have given them an avenue to square off their losses.
According to an official with a primary dealer, it is not correct to assume that RBI has a target in mind. It may not be that the central bank wants to keep yields at 6 per cent, but its target is the orderly evolution of the yield curve.
However, yields seem to be relatively soft in the key benchmark segments, such as the 10-year G-Sec. The bond maturing in 2029 closed at 6.5962 per cent, partly because it was illiquid in the market.
The relatively higher cut-off in the OMO could also be the result of market behav-iour, where bidders looked to cut losses, instead of booking profits.
“It’s a prisoner’s dilemma, while a section of market was expecting aggressive cut-off, another section had taken the opportunity to lighten its position even if at a break-even yield. OMO facilitates market liquidity too, which allows investors to sell large chunks that wouldn’t have been possible amid adverse market conditions,” said Soumyajit Niyogi, associate director at India Ratings and Research.
Aramco project The Sena, he said, was opposing the project due to agitation by local people. “Ïf they are okay with the proj-ect, then we have no issues,” he added. While Aramco would own 50 per cent in the proposed entity, HPCL,
BPCL and Indian Oil would pick up the rest of the stake. The Maharashtra govern-ment is currently looking for an alternative site in Raigad district for the refinery and petrochemical project, but no concrete step has been taken as yet. Congress sources said a shift in loca-tion was highly unlikely as the costs would no longer be viable for the investors.
“Due to the pandemic, there was a lull in the project, but now the Union govern-ment wants to revive it,” said a government official. “There are other mega proj-ects also, like bullet train, which are facing delays due to land acquisition issues in Maharashtra. In the case of Mumbai Metro, a yard has not been identified yet. The Navi Mumbai airport is another marquee project that has got delayed,” he added.
The Ratnagiri project needs 16,146 hectares of land in the Konkan coastal belt. Saudi Aramco had earlier tar-geted to start construction by 2021 and commission by 2025. The Maharashtra government instead proposed a pharma city at the site in October last year under the Atmanirbhar plan of the Modi government.
For Saudi Aramco, a mega refinery here will not only help it sell its crude oil to India but at the same time get a ready customer base for its finished products. Threats from neigh-bouring countries and attacks from the Houthi rebels in Yemen are also making Saudi to look for alternative sites.
Amul... Sodhi says that Amul has two plants which make a range of cheeses and is now planning to double its capac-ity. The plan is to soon start producing buffalo milk-based mozzarella cheese.
The company is also planning to convert a large portion of its buffalo milk production into processed products, adds Sodhi. While Amul already sells fresh buf-falo milk, it is soon going to launch buffalo milk-based paneer and ghee as well.
The government’s PLI scheme for food processing has identified five products —ready-to-cook and eat food stuffs, processed foods and vegetables, marine products, organic products
and mozzarella cheese. It would provide companies incentives between 4 per cent and 6 per cent on their production value and also lend support for brand building and marketing abroad. The government expects an additional invest-ment of over ~6,000 crore by companies availing of the PLI scheme and an increase in sales by over ~120,000 crore.
Covaxin... This means that when exposed deliberately to the pathogen after vaccination, animals did not get the dis-ease. Covaxin has also shown to generate an immune response against the UK strain of the virus. The whole virion (virus) inactivated Covid-19 vaccine candidate has shown efficacy of 80.6 per cent in a phase 3 study covering partic-ipants between 18 and 98 years of age. This included 2,433 people over the age of 60 and 4,500 people with co-morbidi-ties.
IDBI Bank... This would help it to capitalise on business opportunities, giv-en the economy is in recovery mode.
Senior IDBI Bank execu-tives said the exit from the PCA regime was a long time coming. The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk manage-ment framework. At this point in time not much change in the business model is expected. But if a strategic partner happens to be a financial sector player, the business model and its poli-cies, too, may go undergo transformation. IDBI Bank posted a net profit of ~378 crore in the third quarter (Q3) ended December 2020-21 (Q3FY21), aided by a rise in net interest income. This is the fourth consecutive quar-ter of profit for the lender. It had booked a net loss of ~5,763 crore in Q3 of 2019-20.
Its net NPAs eased to 1.94 per cent in December 2020, from 5.25 per cent in December 2019. Its capital ade-quacy stood at 14.77 per cent, with a common equity tier I of 12.22 per cent at the end of December 2020.
POLITICS & PUBLIC AFFAIRS 13 >
NEW DELHI | THURSDAY, 11 MARCH 2021
T S Rawat sworn in as Uttarakhand CM ADITI PHADNIS New Delhi, 10 March
Tirath Singh Rawat, Lok Sabha (LS) Member of Parliament from Pauri Garhwal, on Wednesday took oath as the
new Chief Minister (CM) of Uttarakhand, solv-ing one problem for the ruling Bharatiya Janata Party (BJP,) but creating many more.
With Assembly elections just a year away, Trirath replaces Trivendra Singh Rawat, his predecessor, in a move that is both abrupt and awkward. Trivendra had steered the state for four years, managed the difficult task of creat-ing Uttarakhand’s new capital, Gairsain, and was set to celebrate the BJP government’s fourth year in power (on March 18) when he was axed, ostensibly in response to criticism over his ‘style of functioning’.
With 57 Members of the Legislative Asse m -bly (MLAs) out of 70 in the Assembly, Trivendra had a serious problem in accommodating all the interests the BJP now represents: and as the objective numerical reality in the Assembly has not changed, the chances are his successor will have the same problems as discontented MLAs give vent to their frustration at their ‘powerless-ness’ and demand ministerships.
Trivendra did not resign without a fight. A dozen party MLAs have been camping in Delhi for the past several weeks, many of them con-sidered close to him. He did his best to convince
party president J P Nadda that he had things under control and that those opposing him were doing so because of his policy of zero tol-erance to corruption. But he failed to put his point across. When he realised he had no option, he tried to curtail the damage and get his aide, Education Minister Dhan Singh Rawat, to replace him. The more he tried to underscore that the new CM must be from among the MLAs, the more the party leadership was con-vinced it should be an outsider.
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TIRATH SINGH RAWAT HAS BIG SHOES TO FILL: HIS CHIEF MINISTERSHIP CREATES MORE PROBLEMS FOR BJP THAN IT CAN SOLVE
Chacko quits Cong ahead of Kerala polls; Isaac dropped
PRESS TRUST OF INDIA Nandigram, 10 March
West Bengal Chief Minister Mamata Banerjee said on Wednesday that she was injured in one of her legs after being allegedly pushed during the elec-tion campaign in Nandigram.
The incident happened in the evening when Banerjee was outside a temple in the Reyapara area.
“I was standing outside my car with the door open. I was going to a temple there to offer my prayers. Few people came
around my car and pushed the door. The door hit my leg,” she said.
The chief minister claimed that her leg got swollen because of the injury and she was feeling feverish.
Speaking to reporters, she said that no local police person-nel was present at the spot when the incident happened.
Banerjee, the TMC candidate from Nandigram, alleged that it was a “conspiracy”.
The incident triggered a secu-rity scare as the chief minister gets Z-plus protection.
In a blow to the Congress in poll bound Kerala, Senior leader P C Chacko on Wedn -esday announced his resig-nation from the party, alleg-ing group interest in deciding party candidates for the com-ing assembly elections.
Chacko, who was a for-mer working committee member of the Congress, is the second senior leader to quit the national party after Jyotiraditya Scindia.
Amid demand from a group of 23 senior Congress leaders for an organisational overhaul of the party, Chacko, who headed the Joint Parliamentary Committee on 2G Spectrum during the second UPA rule, also alleged that the national leadership of the party has not been active for the last two years.
Thomas Isaac
Thirty three sitting MLAs, including Thomas Isaac have been left out in line with the party’s two-term criteria.
PTI
Mamata injures leg after being pushed while campaigning, alleges conspiracy
West Bengal CM said her leg got swollen. The incident triggered a security scare as the CM gets Z-plus protection
Company Secretary of Info Edge (India) Limited e-mail: [email protected]
Particulars Website address
Info Edge (India) Limited http://www.infoedge.in
BSE Limited http://www.bseindia.com
National Stock Exchange of India Limited http://www.nseindia.com
Link Intime India Pvt. Ltd. https://instavote.linkintime.co.in
(Agency providing E-voting Platform)
Commencement of Remote E-voting Thursday, 8th April, 2021 at 9:00 A.M. (IST)
End of Remote E-voting Sunday, 11th April, 2021 at 5:00 P.M. (IST)
Date: 10th March, 2021 Place: New Delhi
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