IT training company NIIT today said that the company's board has given the nod to acquire the balance 40% stake in Noida-based English language and soft skill training company Evolv.
"NIIT had around 60% stake in the company. The board today approved to acquire 40% stake in Evolv for its complete acquisition by the company," NIIT spokesperson Prateek Chatterjee told PTI.
The company, however, did not disclose the size of the deal.
Chatterjee added that NIIT is transitioning from an IT training company to a talent development company. Hence, the deal strategically fits the company future road map.
"We feel that soft kill training enhances employability of a learner. Therefore, we see it as a strategic fit going ahead," Chatterjee said.
