Acquisitions6 Jul 2026, 09:00 pm
Info Edge to acquire 45.36% of CodingNinjas for ₹39.91 Cr
AI Summary
Info Edge (India) Ltd announced its Board of Directors has approved the acquisition of the entire shareholding of Sunrise Mentors Private Limited ('CodingNinjas'), a subsidiary. The company will acquire 45.36% stake for approximately ₹39.91 Crores, increasing its total holding to 100% and making CodingNinjas a wholly-owned subsidiary. Additionally, Info Edge will commit up to ₹180 crore to B8 Fund I, a scheme launched by B8 Trust, supplementing its previous commitment of ₹250 crore. The acquisition is subject to customary conditions precedent.
Key Highlights
- Info Edge to acquire remaining 45.36% stake in CodingNinjas.
- Total consideration for CodingNinjas acquisition is ₹39.91 Crores.
- CodingNinjas will become a wholly-owned subsidiary post-acquisition.
- Additional commitment of up to ₹180 crore to B8 Fund I.
- Transaction is a related party transaction with CodingNinjas founders.
Price Impact
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