NIIT Ltd Board Approves Scheme of Amalgamation of Wholly-Owned Subsidiaries
NIIT Ltd announced the outcome of its Board Meeting held on 09.10.2025, approving the scheme of amalgamation of its wholly-owned subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited, under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. The amalgamation aims to simplify the corporate structure, reduce administrative complexity, and enable quicker decision-making. It also seeks to reduce administrative overheads, duplication of records, and legal and regulatory compliances, leading to substantial reduction of administrative cost. The amalgamation is expected to result in focused growth, operational efficiencies, and enhanced business synergies, while leveraging complementary strengths and providing access to a larger pool of financial resources, skilled personnel, and experienced management.
Key Highlights
- NIIT Ltd approves the amalgamation of its wholly-owned subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited.
- The amalgamation aims to simplify the corporate structure, reduce administrative complexity, and enable quicker decision-making.
- The amalgamation seeks to reduce administrative overheads, duplication of records, and legal and regulatory compliances, leading to substantial reduction of administrative cost.
- The amalgamation is expected to result in focused growth, operational efficiencies, and enhanced business synergies.
- The amalgamation will provide access to a larger pool of financial resources, skilled personnel, and experienced management.
Price Impact