NIIT Limited — JV/Acquisition, 19-04-2025: Acquisition

NIIT Limited has approved the acquisition of 1,900,000 equity shares from ICICI Bank, representing 18.79% of the share capital of its subsidiary, NIIT Institute of Finance Banking and Insurance Training Limited (IFBI), along with 50,000 shares from individual shareholders, amounting to a total cash consideration of approximately INR 47 million to INR 65.8 million. This strategic move will increase NIIT's stake in IFBI to 100%, enhancing its presence in the BFSI training sector and allowing for greater operational efficiencies and market expansion. The transaction is expected to be completed by September 30, 2025.