NIIT Limited — Updates, 25-10-2024: Other Restructuring

NIIT Limited has approved a balance sheet restructuring for its wholly-owned subsidiary, NIIT GC Limited, Mauritius. This involves reducing the subsidiary's capital to match its accumulated losses of USD 1.792 million, resulting in a new share capital of USD 0.608 million. The restructuring aims to align NIIT Mauritius's capital with its asset values, allowing the potential for future profit distribution, without adversely impacting NIIT Limited's financials.