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NIIT jumps on forming strategic relationship with Cornerstone OnDemand

06 Jul 2017

NIIT is currently trading at Rs. 90.00, up by 2.55 points or 2.92 % from its previous closing of Rs. 87.45 on the BSE.

The scrip opened at Rs. 87.55 and has touched a high and low of Rs. 91.30 and Rs. 87.20 respectively. So far 164687 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.80 on 20-Sep-2016 and a 52 week low of Rs. 67.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 91.30 and Rs. 85.60 respectively. The current market cap of the company is Rs. 1462.32 crore.

The promoters holding in the company stood at 34.18 % while Institutions and Non-Institutions held 22.66 % and 43.16 % respectively

NIIT has formed a strategic relationship with Cornerstone OnDemand, a global leader in cloud-based learning and human capital management software. The two companies will collaborate in the areas of implementation, business consulting, technical and content consulting, and outsourced administration.

As part of the agreement, NIIT will add Cornerstone certified administrators and resources to its implementation and support teams across the globe, with the initial implementation in Canada. NIIT will in-turn, support Cornerstone in training content rebuild with high quality, modern learning content - specifically for modern learner engagement, audience management, content reduction, governance and non-mandatory services.

NIIT, a global leader in Skills and Talent Development, offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries.

Related NIIT Ltd. Links:

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