The Board of NIIT Limited (BSE:500304) announced the spin-off of NIIT Learning Systems Limited on January 28, 2023. As per the transaction, CLG Business Undertaking of NIIT Limited will be transferred to NIIT Learning Systems Limited. NIIT Limited shareholders will receive 1 share of NIIT Learning Systems for every share held in NIIT Limited. The transaction is approved by board of directors and shareholders of NIIT Limited and is subject to approval by Hon'ble National Company Law Tribunal. As of May 19, 2023, the transaction is approved by Hon'ble National Company Law Tribunal. The record date of the transaction is June 8, 2023. As of May 24, 2023, NIIT Ltd completes demerger of Corporate Learning Business into NIIT Learning Systems.

The Board of NIIT Limited (BSE:500304) completed the spin-off of NIIT Learning Systems Limited on May 24, 2023.