NIIT Limited has informed the Exchange about Amalgamation/Merger
NIITLTD · price
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The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of amalgamation of two companies into NIIT Limited. The amalgamating companies are NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited. The NCLT passed the order on May 22, 2026, with an appointed date of April 1, 2026. The scheme will become effective after receipt of the certified copy of the order and subsequent filing with the Registrar of Companies. All assets, liabilities, contracts, and employees of the amalgamating companies will transfer to NIIT Limited. The Income Tax Department and Official Liquidator had no objections to the scheme.
Shareholders should note that this amalgamation will consolidate the training businesses into NIIT Limited. The scheme is awaiting formal effectiveness, after which the two subsidiary entities will be dissolved. This is a positive structural consolidation that could strengthen NIIT's market position in the education and training sector.