NIIT Limited (BSE:500304) acquired remaining 10% stake in RPS Consulting Pvt Ltd. from RPS promoters for approximately INR 190 million on May 15, 2023. The consideration consists of a fixed consideration of INR 150 million payable upfront on tranche III closing and a performance based earnout consideration of up to INR 37.1 million payable over the next two years on such terms as agreed under the Supplement Agreement. Subsequent closing, RPS has now become wholly owned subsidiary of NIIT Limited.

NIIT Limited (BSE:500304) acquired remaining 10% stake in RPS Consulting Pvt Ltd. from RPS promoters on May 15, 2023.