NIIT LimitedNIITLTDNSE
Scheme of Arrangement
As filed · NIIT Limited has informed the Exchange about Scheme of Arrangement
M&AWatchMajormateriality 79 out of 100
What happened
FactNIIT Ltd. 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, into itself. The approval was granted by the Board of Directors during a meeting held on October 9, 2025. As the subsidiaries are wholly-owned, the company is not required to obtain a 'No Objection Letter' from the stock exchanges for this merger.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Watch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%