NIIT Learning Systems Limited — Important, 22-01-2025: General Updates

NIIT Limited has terminated its planned investment of USD 2 million for a minority stake in Knolskape Solutions due to the expiration of the agreed long stop date amid regulatory delays. This decision stems from a previously disclosed agreement tied to the Composite Scheme of Arrangement with NIIT Learning Systems Limited. Despite this setback, there will be no financial impact on NIIT, as both companies aim to maintain their existing business relationship. They will continue to collaborate, utilizing Knolskape's AI-powered simulations alongside NLSL’s managed training services, targeting the preparation of a future-ready workforce. Investors should monitor the ongoing developments in this partnership for potential strategic benefits.