LC Singh to acquire a 69.14% stake in Nihilent from NTT.

LC Singh to acquire a 69.14% stake in Nihilent, a global consulting and services company, from NTT, a Japanese telecommunications holding company. Financial terms were not disclosed. “Besides the AI fad, we are working on some new-age solutions in healthcare, media, energy sector, etc. In a complex shareholding it can become difficult to grow and get funded independently, or be more entrepreneurial… This strategic move allows Nihilent to regain full control and autonomy over the operations, enabling us to implement our vision and business strategies more effectively,” LC Singh.