NIIT USA board approves merger of wholly owned unit Stackroute Learning
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The board of NIIT USA, a wholly owned subsidiary of NIIT Learning Systems, has approved merging its wholly owned unit Stackroute Learning Inc. (SLI) into NIIT USA. SLI had FY26 revenue of USD 1.59 million versus NIIT USA's USD 113.53 million. No cash or share consideration applies as both are wholly owned. The merger aims to combine tech learning capabilities (AI, Cyber, Cloud, Data), simplify operations, and cut overhead. Not expected to materially impact consolidated financials. Subject to regulatory approvals.
Internal restructuring between wholly owned units; no cash impact or shareholding change. Likely neutral for shareholders.