NIIT Limited has informed the Exchange about General Updates
NIITLTD · price
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NIIT Limited has completed the purchase of the remaining shares in its subsidiary, NIIT Institute of Finance Banking and Insurance Training Limited (IFBI). The company bought 1,900,000 shares (18.79%) from ICICI Bank Limited and 50,000 shares (0.49%) from individual shareholders. Total consideration paid was INR 62.7 million (approximately ₹6.27 crore). Following this acquisition, NIIT Limited now holds 100% of IFBI's paid-up share capital, making IFBI a wholly owned subsidiary. This completes the buyout plan that was originally approved by NIIT's board on April 19, 2025.
This is a minor consolidation move — NIIT has bought out minority partners (including ICICI Bank) in its training subsidiary for about ₹6.27 crore, simplifying group structure. The financial impact is small and unlikely to materially affect the stock price, but it gives NIIT full control over IFBI's operations and future cash flows.