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NIIT acquires 70% stake in RPS Consulting

04 Oct 2021 Evaluate

NIIT has acquired 70 per cent stake in RPS Consulting for Rs 82.3 crore. The remaining 30 per cent shareholding will be acquired by NIIT from the promoters of RPS Consulting in subsequent tranches based on the achievement of certain financial milestones and closing adjustments in terms of the transaction documents within the next two and a half years.

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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