Eagle International Institute Acquired

NIIT acquires Eagle Productivity Solutions

Question: Recently in how much amount did the Skill and Talent Development Company NIIT Limited acquired Eagle International Institute?
(a) $ 5.1 million
(b) $ 7.5 million
(c) $ 8.1 million
(d) $ 9.5 million
Answer: (c)
Related Facts:

  • On January 3rd, 2018 Eagle International Institute (EII) was acquired by Skill and Talent Development Company NIIT Limited.
  • This deal will help NIIT Limited to increase its training capacity in the field of global cloud-based enterprise application for the pharmaceutical industry.
  • The total transaction amount for the acquisition (share, credit and debt obligation) was 8.1 million US dollars.
  • This cash transaction includes advance and delayed payments of a period of 5 years.
  • Founded in the year 1988, Eagle does business of technology training and work process consulting.

Reference:
http://www.livemint.com/Companies/9Bl02Z17HWPDY4BkO4ZZTL/NIIT-acquires-Eagle-Productivity-Solutions-for-81-million.html
http://www.thehindubusinessline.com/business-wire/niit-acquires-eagle-productivity-solutions/article10011101.ece
http://eagleproductivity.com/about.html