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NIIT rises on inking strategic agreement with Guian New Area, China

18 May 2015

NIIT is currently trading at Rs. 38.50 up by 0.55 points or 1.45% from its previous closing of Rs. 37.95 on the BSE.

The scrip opened at Rs. 38.00 and has touched a high and low of Rs. 38.60 and Rs. 38.00 respectively. So far 6,678 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.60 on 13-Jun-2014 and a 52 week low of Rs. 32.10 on 16-May-2014.

Last one week high and low of the scrip stood at Rs. 41.75 and Rs. 37.10 respectively. The current market cap of the company is Rs. 636.00 crore.

The promoters holding in the company stood at 34.25% while Institutions and Non-Institutions held 22.97% and 42.78% respectively.

NIIT, a global leader in skills and talent development, has entered into an agreement with Guian New Area in the Guizhou province of China, to train students from the province in Career Programs in Big Data.

Earlier this year, NIIT and Guian New Area in the Guizhou province entered into a Memorandum of Understanding (MoU), to offer programs in new-age IT, with a special focus on Big Data. The agreement brings the MoU into effect with NIIT setting up a centre in Guian New Area to train 50,000 students in five years, to help realize China’s vision to promote Guian as the national center for the Big Data industry. The entire project will be funded by the Government of China as Guian has been identified by the Government as the national center for the Big Data Industry.

NIIT is a market leading, global learning outsourcing company which provides a comprehensive suite of managed training services including Curriculum Design and Content Development, Learning Administration, Learning Delivery Management, Learning Technology (including LMS), Strategic Sourcing and Advisory Services.

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