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NIIT Limited ( (IN:NIITLTD) ) has issued an update.
NIIT Limited’s Board of Directors has approved a scheme of amalgamation involving its wholly-owned subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited, merging with NIIT Limited. This strategic move, which does not require a ‘No Objection Letter’ from stock exchanges, aims to streamline operations and is subject to necessary regulatory approvals, potentially enhancing NIIT’s market positioning and operational efficiency.
More about NIIT Limited
NIIT Limited operates in the education and training industry, focusing on providing skills and talent development services. The company offers a range of learning solutions, including finance, banking, and insurance training, as well as consulting services, aiming to enhance workforce capabilities across various sectors.
Average Trading Volume: 34,106
Technical Sentiment Signal: Sell
Current Market Cap: 14.64B INR
For an in-depth examination of NIITLTD stock, go to TipRanks’ Overview page.