NTT sells controlling stake in Pune-based Nihilent to promoter
Japanese telecommunication giant NTT Corporation has fully exited its 69.14% controlling stake in Pune-based IT consulting and services firm Nihilent Ltd selling it to the founder and promoter LC Singh.
While the exact deal size was not disclosed, in mid-2022, NTT was seeking a valuation for Nihilent at around Rs 2,500 crore ($314 million then).