Economic InsightEconomic InsightEconomic Insight
Notification Show More
Font ResizerAa
  • Home
  • Business News
  • Economics
  • Finance
  • Investment
  • Stock Market
  • Trading
Reading: NIIT to acquire remaining shares of IFBI, make it wholly owned arm
Share
Font ResizerAa
Economic InsightEconomic Insight
  • About Us
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Contact
Search
  • Home
  • Business News
  • Economics
  • Finance
  • Investment
  • Stock Market
  • Trading
Have an existing account? Sign In
Follow US
© EconomicsInsight. All Rights Reserved.
Economic Insight > Blog > Business News > NIIT to acquire remaining shares of IFBI, make it wholly owned arm
NIIT to acquire remaining shares of IFBI, make it wholly owned arm
Business News

NIIT to acquire remaining shares of IFBI, make it wholly owned arm

EC Team
Last updated: April 20, 2025 4:38 am
EC Team
Published April 20, 2025
Share
SHARE

The NIIT Ltd Committee has approved the purchase of an additional Rs 19.5 lakh shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI), according to a filing of the exchange.

NIIT holds an 80.72% interest in IFBI and please post the above-mentioned acquisition. The proposal states that IFBI will become a fully owned subsidiary.

Shares are acquired from ICICI Bank Limited (1.9 million shares, 18.79% shares) and individual shareholders (50,000 shares, 0.49% shares).

The intensive consideration for the acquisition of shares from ICICI Bank is expected to be between Rs 4.7 crore and Rs 6.5 crore.

The acquisition is expected to close by September 30, 2025, according to its submission on Saturday.

“As a strategic business decision, NIIT Limited has agreed to acquire 1,900,000 shares of IFBI from ICICI Bank Limited and 50,000 shares of IFBI from individual shareholders.”

Incorporated in 2006 and headquartered in Gurgaon, IFBI reported revenue of 56.7 crores and net worth of 21.9 crores from 2023-24.

Released on April 20, 2025

You Might Also Like

Keystone Realtors Bets On Strong Pipeline For Rs 4,000 Crore Pre-Sales In FY26

Nato promises historic rearmament shift in bid to win over Donald Trump

Orkla ASA: High Momentum, Modest Risk, And More Upside (OTCMKTS:ORKLY)

How to protect your money during economic turmoil, stock market volatility

Casagrand forays into Pune real estate market

TAGGED:acquirearmIFBINIITownedremainingshareswholly
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
Americans disapprove of Trump’s performance, as Republicans manage splits over spending plans
Stock Market

Americans disapprove of Trump’s performance, as Republicans manage splits over spending plans

EC Team
EC Team
June 15, 2025
What is Forex? The Basics Of Forex Trading –
Acadia Realty: Street Retail And 4.2% Yield From Double-Digit Leasing Spreads (AKR)
GMGI Investors Suspect Dark Pool Trading or Shorts, But It Could Simply Be a Pullback
Quenching Thirst For Growth And Dividends With California Water Service Group (NYSE:CWT)
- Advertisement -
Ad imageAd image

Categories / Tags

  • Business News
  • Finance
  • Investment
  • Economics
  • Stock Market
  • Trading
  • stock
  • Stocks
  • Trading
  • Trump

About US

Founded with the belief that economic understanding should be accessible to all, we strive to decode complex market movements, break down financial trends, and spotlight business developments that matter — all in a clear, digestible format.
Quick Link
  • Home
  • Blog
  • Contact
Important Links
  • About Us
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Contact

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

© EconomicsInsight. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?