Event Date: N/A
The Governing Boards of National Stock Exchange of India Limited (NSEIL), NSE Investments Limited (NSE Investments), and NSE Academy Limited (NAL) have approved the execution of definitive agreements, including a Share Purchase Agreement, with Accenture Solutions India Private Limited for the sale of TalentSprint Private Limited (a wholly-owned subsidiary of NAL) along with its wholly-owned subsidiary, TalentSprint Inc. to Accenture Solutions India Private Limited. This information is disclosed in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated July 13, 2023.
According to Annexure 1: TalentSprint Private Limited is not a material subsidiary of NSEIL. For the year ending March 2023, the company reported a revenue of Rs. 146.9 crores. The agreement sale is yet to be executed, and the completion date is yet to be determined. The total consideration for such sale/disposal is Rs. 245 crores, to be adjusted for cash and debt positions. The buyer is Accenture Solutions Private Limited, a subsidiary of Accenture, a global professional services company. The transaction is not between related parties, and the sale, lease or disposal of the undertaking is not outside the scheme of arrangement. Additional disclosures for slump sales, as applicable for amalgamation/merger, are not applicable in this case.
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