In a strategic consolidation effort, NIIT Ltd has initiated a move to acquire complete ownership of its subsidiary, NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI). The decision, approved by the company’s board, involves the purchase of 19.5 lakh equity shares currently held by ICICI Bank and individual shareholders. The acquisition, valued between Rs. 4.7 crore and Rs. 6.5 crore, is slated for completion by September 30, 2025.