NIIT Learning Systems Limited (the Company) announced that its Board of Directors, in a meeting held on January 28, 2026, from 11:45 a.m. to 1:10 p.m., has approved the issuance of a corporate guarantee. This guarantee will be provided by NIIT Learning Systems Limited in connection with a Term Loan facility to be availed by NIIT (USA) Inc., a wholly owned overseas subsidiary. The corporate guarantee is for an amount of USD 10.50 million (approximately ₹87.4 crore) in favour of ICICI Bank Limited, New York Branch. This is related to a Term Loan facility of up to USD 10 million (approximately ₹83.2 crore) that NIIT (USA) Inc. will obtain. The purpose of this Term Loan is to part-finance the acquisition cost and related expenses for Sweetrush Inc., which was acquired by NIIT (USA) Inc. on January 9, 2026. The corporate guarantee will be issued as part of the Term Loan documentation and will be valid for a period of up to 5 years and 90 days from the date of issuance. It will be released upon full repayment of the Term Loan dues. The company stated that this corporate guarantee will be a contingent liability for NIIT Learning Systems Limited, forming part of the consolidated group, with the impact limited to the amount of the guarantee.
