Niit Limited has informed the Exchange that Board of Directors of the Company at their meeting held on October 26, 2009 has inter-alia, considered and approved the following items: (1). Subject to the Shareholders approval, issue of warrants convertible into Equity Shares for a value not exceeding Rs. 30 Crores including premium, to the Promoters, Promoters Group and / or Person Action in Concert (the "Promoters") of the Company, in such manner, price, terms and conditions as may be determined in accordance with Chapter VII of the SEBI (ICDR) Regulations, 2009 (hereinafter referred to as "the Regulations"); and (2). Subject to the Shareholders approval, issue of securities including equity shares, non-convertible debt instruments along with warrants or convertible securities other than warrants or securities in other forms (hereinafter referred to as "Securities") as may be permitted under the Chapter VIII of the Regulations or any combination of the Securities to Qualified Institutional Buyers, as defined under Regulation 2(1 )(zd) of the Regulations, for an aggregate sum not exceeding Rs. 200 Crores (including premium) through Placement Document at such time or times at a price to be determined in accordance with the Regulations.