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The latest update is out from NIIT Limited ( (IN:NIITLTD) ).
NIIT Limited has announced the approval of a scheme of amalgamation involving its wholly-owned subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited, merging into NIIT Limited. This move, approved by the Board of Directors, aims to streamline operations and potentially enhance the company’s market positioning by consolidating resources and expertise. The merger is subject to various regulatory approvals but does not require a ‘No Objection Letter’ from stock exchanges due to the nature of the merger involving wholly-owned subsidiaries.
More about NIIT Limited
NIIT Limited operates in the education and training industry, focusing on providing learning solutions in areas such as finance, banking, and insurance. The company is known for its specialized training programs and consulting services, catering to both individuals and corporate clients.
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.