India, Oct. 28 -- Naukri parent Info Edge has approved the sale of its entire stakes in healthtech startup MedCords and employment platform Unnati Online for about Rs.5,000 each, marking its proposed exit from two investments it had already fully impaired.

Info Edge's board approved the divestment of its 14.18% stake in MedCords Healthcare Solutions and 31.64% stake in Unnati Online, both held by its wholly owned subsidiary Startup Investments (Holding) Limited (SIHL).

MedCords stake will be sold to the startup's promoter and director Shreyans Mehta. Meanwhile, Unnati Online's promoters and directors Eral Ravi and Aashutosh Chaudhary will acquire Info Edge's holding in the employment platform.

The company expects to enter into the sale...