MoneyWorks4Me

NIIT’s arm to sell entire stake in Wuxi NIIT

17 May 2018 Evaluate

NIIT’s step down subsidiary -- NIIT China (Shanghai) -- has entered into an agreement to sell its entire 60% shareholding in its subsidiary company that is Wuxi NIIT Information Technology Consulting (Wuxi NIIT).

This is in line with the company’s focus on Education Centre Consolidation and delivery through SLT platform and Digital Transformation Initiatives.

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.

Peers
Company Name CMP
NIIT Learning System 223.60
Aptech 87.90
NIIT 87.30
Excelsoft Tech. 79.48
Compucom Software 12.83
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