NIIT has acquired the balance 10% equity shareholding of RPS Consulting in 3rd and last tranche for a fixed consideration of Rs 15.00 crore payable upfront on tranche III closing and a performance based earnout consideration of up to Rs 3.71 crore payable over the next two years on such terms as agreed under the Supplement Agreement. Subsequent, RPS has now become wholly owned subsidiary of NIIT.
The acquisition of additional 10% equity shareholding of RPS in 3rd and last tranche is as per the terms of the transaction documents executed on October 1, 2021 and the Supplement Agreement executed on May 15, 2023. The acquisition added new capabilities that help to expand NIIT’s expertise to accelerate digital transformation journeys of large enterprises.
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.
| Company Name | CMP |
|---|---|
| Excelsoft Technologi | 92.00 |
| Aptech | 100.13 |
| NIIT | 71.73 |
| Compucom Software | 14.30 |
| Jetking Infotrain | 124.00 |
| View more.. | |
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