NIIT & IFBI: Merging Power, Attaining Goals

Image Source: The Economic Times

NIIT Ltd has made a big move to reinforce its position in the financial education space by stating that it has agreed to buy the remaining equity of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) and make IFBI a fully-owned subsidiary. Having an 80.72% stake in IFBI presently, NIIT will acquire further 1.9 million shares from ICICI Bank (holding 18.79% stake) and 50,000 shares from public shareholders (0.49% stake). The deal, valued between ₹4.7 crore and ₹6.5 crore for the ICICI Bank stake, is slated for completion by September 30, 2025.

This strategic move is expected to strengthen NIIT’s footprint in the finance and insurance training domain, leveraging IFBI’s strong performance—IFBI reported revenues of ₹56.7 crore and a net worth of ₹21.9 crore in FY24. Founded in 2006 and based in Gurgaon, IFBI has been at the forefront of training professionals for the BFSI industry. The acquisition reflects NIIT's intent to deepen its education offerings and enrich shareholder value as it integrates IFBI completely into its corporate fold.

Source: The Economic Times