Non-public lender ICICI Financial institution has offered its total shareholding of 18.8% in NIIT Institute of Finance Banking and Insurance coverage Coaching Ltd for Rs6.1 crore, in response to the financial institution’s regulatory submitting.
The financial institution offered the stake to NIIT Ltd. Subsequent to the share sale, NIIT-IFBI ceased to be an affiliate of the financial institution with impact from June 11.
The board of administrators of ICICI Financial institution had accepted this stake sale in April 2025.
In a separate regulatory submitting, NIIT stated that it additionally purchased 0.49% stake in NIIT-IFBI from particular person shareholders along with shopping for stake from ICICI Financial institution. “NIIT Restricted now holds 100% of the combination issued and paid up share capital of IFBI and accordingly IFBI has change into an entirely owned subsidiary of NIIT Restricted”
