In terms of Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('Listing Regulations') read with Part A of Schedule III of Listing Regulations, we wish to inform you that NIIT Limited ('Company') at its meeting held today, has approved a proposal to purchase:\r\n- 1,900,000 equity shares NIIT Institute of Finance Banking and Insurance Training Limited (IFBI), a subsidiary of the Company, constituting 18.79% of the aggregate issued and paid-up share capital from ICICI Bank Limited; and\r\n- 50,000 equity shares of IFBI constituting 0.49% of the aggregate issued and paid-up share capital from Individual shareholders\r\nThe Company is already holding 80.72% of the aggregate issued and paid-up share capital of the IFBI and post aforesaid acquisition, IFBI will become a wholly owned subsidiary of the Company.