Rajendra S Pawar (Co-Founder, NIIT & Chairman, NIIT Learning Systems Ltd.) and Vijay Okay Thadani (Co-Founder, NIIT and Vice Chairman and Managing Director, NIIT Learning Systems Ltd.) change particular commemorative mementoes with Ms. Kamala Okay (Chief Regulatory Officer, BSE) in the course of the itemizing ceremony of NIIT Learning Systems Limited at BSE.
| Photo Credit: Special Arrangement
NIIT Learning Systems Ltd., which presents Managed Training Services to ‘Fortune 1000 and Global 500 corporations’ throughout North America and Europe, on Tuesday bought listed on the Bombay Stock Exchange and the National Stock Exchange.
NIIT’s Managed Training Services that operated its Corporate Learning Business has been demerged from NIIT Ltd. to NIIT Learning Systems Ltd. upon the approval of the Composite Scheme of Arrangement.
The demerger grew to become efficient on May 24, 2023, publish approval from varied stakeholders and the NCLT, NIIT Learning Systems Ltd. stated in an announcement.
Consequent to the demerger, every shareholder of NIIT Ltd. has been allotted one share of NIIT Learning Systems Ltd. for every share of NIIT Ltd. held by them on the report date.
Rajendra Singh Pawar, Co-founder NIIT and Chairperson of NIIT Learning Systems Ltd. in an announcement stated, “The Managed Training Services Business has grown to be ranked in the Top 5 globally in the Learning Outsourcing space. The global corporate training market is currently underpenetrated and NIIT MTS has an opportunity to become a leader in this space.”
Vijay Okay. Thadani, Co-founder, NIIT and Vice Chairman & Managing Director, NIIT Learning Systems stated, “Our comprehensive, high impact managed learning solutions weave together the best of learning theory, technology, operations, and services to enable a thriving workforce. This unique, differentiated, and compelling moat makes the company a sustainable value creator.”
