Software trainer NIIT said on Saturday it has sold its US unit's entire stake in Element K Corp, a step-down subsidiary, to Ireland-based SkillSoft for USD 110 million.
Element K Corp provides management training services and builds content. NIIT has also signed a long-term strategic and licensing agreement with SkillSoft to become a product and content developer for the Irish firm, the Indian firm said in a statement. Speaking to CNBC-TV18, Vijay Thadani, chief executive officer of NIIT said the companyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
