Private lender ICICI Bank has sold its entire shareholding of 18.8% in NIIT Institute of Finance Banking and Insurance Training Ltd for Rs6.1 crore, according to the bank’s regulatory filing.
The bank sold the stake to NIIT Ltd. Subsequent to the share sale, NIIT-IFBI ceased to be an associate of the bank with effect from June 11.
The board of directors of ICICI Bank had approved this stake sale in April 2025.
In a separate regulatory filing, NIIT said that it also bought 0.49% stake in NIIT-IFBI from individual shareholders in addition to buying stake from ICICI Bank. “NIIT Limited now holds 100% of the aggregate issued and paid up share capital of IFBI and accordingly IFBI has become a wholly owned subsidiary of NIIT Limited”
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