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NIIT to purchase additional stake in IFBI

21 Apr 2025 Evaluate

NIIT has approved a proposal to purchase an additional 1,900,000 equity shares NIIT Institute of Finance Banking and Insurance Training (IFBI), a subsidiary of the Company, constituting 18.79% of the aggregate issued and paid-up share capital from ICICI Bank; and 50,000 equity shares of IFBI constituting 0.49% of the aggregate issued and paid-up share capital from Individual shareholders. 

The company is already holding 80.72% of the aggregate issued and paid-up share capital of the IFBI and post aforesaid acquisition, IFBI will become a wholly owned subsidiary of the company. The acquisition is expected to be completed on or before September 30, 2025. 

NIIT is a leading skills & talent development corporation, the company offers training and development solutions to Individuals, Enterprises and Institutions. 


NIIT Share Price

72.03 1.52 (2.16%)
17-Apr-2026 16:59 View Price Chart
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