NIIT, a leading company in the NIIT group, is a global leader in digital talent development and managed training services
The shareholders will be given one NIIT Learning Systems share for each share of NIIT held in the ratio of 1:1.
The company had registered a net profit of Rs 41.5 crore in the October-December 2020 quarter. Its revenues grew 51 per cent to Rs 383.6 crore in the December 2021 quarter from Rs 253.4 crore in the year-ago period.
Lalla added that the company added three new managed training services (MTS) customers, which brings the tally to 55 MTS customers.
In April this year, funds affiliated with Baring Private Equity Asia (BPEA) bought about 30 per cent stake in NIIT Technologies from NIIT Ltd.
In April this year, funds affiliated with Baring Private Equity Asia (BPEA) bought about 30% stake in NIIT Technologies from NIIT Ltd.
The deal triggered an open offer under which BPEA is making an offer to the public shareholders of NIIT Technologies for purchasing up to 1,62,29,173 additional shares at Rs 1,394 apiece.
The company said it saw an adverse foreign exchange (forex) impact of Rs 5.2 crore in the quarter under review, "predominantly due to restatement of receivables".
Franchising in the private education sector is a good business opportunity for entrepreneurs to capitalize on
Net profit of NIIT Technologies‘ rose 30 percent quarter-on-quarter. It rose to Rs 56 crore in the third quarter of current financial year 2012-13, but with that year-on-year the net profit declined 12.5 percent.
Speaking to CNBC-TV18, Vijay Thadani, CEO of the company said the quarter has been fairly decent in terms of volume growth.