NIIT, leading global talent Development Corporation and Asia's largest IT trainer, has received approval for the acquisition of the balance shareholding of the promoters of Evolv Services (Evolv) pursuant to which Evolv shall become the wholly owned subsidiary of the company. The company has received approval for the same at its board meeting held on June 03, 2011.
NIIT had around 60% stake in Evolv and it has received approval to acquire the balance 40% stake. Evolv is a Noida based company engaged in the business of providing training in English language and communication skills.
Recently, NIIT had divested entire holding in its non-operating wholly owned subsidiary company 'Neo Multimedia' (formally known as NIIT Multimedia) to Earth Infrastructures and its nominees for a total consideration of Rs 32.29 crore and an share purchase agreement was signed to this effect.
NIIT is a provider of global information technology (IT) learning solutions. NIIT offers training solutions in area of IT, business process outsourcing (BPO), banking, finance and insurance, executive management education and communication and professional life skills. The company operates the largest learning content development facility in the world with capacity of reaching 5 million learners every year.
Company Name | CMP |
---|---|
Aptech | 226.15 |
NIIT | 99.35 |
Compucom Software | 34.87 |
Jetking Infotrain | 60.00 |
Educomp Solutions | 3.33 |
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