SAM, Majmudar assist on NIIT acquistion of RPS Consulting


Shardul Amarchand Mangaldas & Co (SAM) advised the National Stock Exchange of India and BSE-listed NIIT when it acquired Bengaluru-based RPS Consulting.

Majmudar & Partners advised RPS Consulting, a provider of training programs on emerging technologies.

The deal was announced on 1 October and is structured in three tranches. The first, by which skills and talent development company NIIT acquired a 70% stake in RPS Consulting, closed on 1 October. NIIT is to acquire the remaining 30% stake in subsequent tranches within the next two-and-a-half years.

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