Info Edge To Acquire Remaining 45% Stake In Coding Ninjas For ₹40 Cr

Sanjeev Bikhchandani-led internet giant Info Edge is acquiring the remaining 45.36% stake in upskilling platform Coding Ninjas for ₹39.9 Cr in an all-cash deal. In a filing with the exchanges, Info Edge said that its board approved a proposal to acquire 74,741 shares in the startup from its founders at ₹5,340.23 apiece. Post the transaction, the Naukri parent will hold 100% stake in Coding Ninjas via its subsidiary Startup Investments (Holding) Ltd.