India, July 6 -- Sanjeev Bikhchandani-led internet giant Info Edge is acquiring the remaining 45.36% stake in upskilling platform Coding Ninjas for Rs.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 Rs.5,340.23 apiece. Post the transaction, the Naukri parent will hold 100% stake in Coding Ninjas via its subsidiary Startup Investments (Holding) Ltd.

Coding Ninjas cofounders will continue to be employed by Info Edge and will receive "certain salary and performance incentive" during their tenure.

The deal is still subject to fulfilment of certain customary conditions, and is expected to be completed within 45 days. T...