17-Jul-2026 20:59:22
NIITMTSAcquisition and merger
NIIT LEARNING SYSTEMS : MERGER OF STEP-DOWN SUBSIDIARIES APPROVED
• NIIT (USA) Inc., USA, a wholly owned subsidiary of NIIT Learning Systems Limited, to merge with its wholly owned subsidiary Stackroute Learning Inc., USA. • NIIT USA had revenue of USD 113.53 mn in FY ended March 31, 2026. • Stackroute Learning Inc. had revenue of USD 1.59 mn in FY ended March 31, 2026. • Merger is subject to regulatory approvals and customary legal formalities. • The merger aims to leverage combined capabilities, drive operational simplification, and rationalize organizational structure. Impact: Neutral (Internal merger of wholly-owned step-down subsidiaries; no change in shareholding pattern of the parent company.)
NIIT Learning Systems Limited
Open attachment