NIIT Limited — JV/Acquisition, 09-10-2025: Amalgamation/Merger

NIIT Ltd's board has approved the merger of its wholly-owned subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited, into the parent company. This move aims to simplify the corporate structure, boost operational agility, and achieve significant cost and compliance efficiencies. It also seeks to consolidate growth, leverage combined strengths, and optimize access to financial resources and talent. As these are wholly-owned subsidiaries, no new shares will be issued, ensuring no change in NIIT Ltd's shareholding pattern. The scheme awaits approvals from shareholders, creditors, and the NCLT.