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NIIT Technologies gains on unveiling Chain-m solution for Airlines

19 Sep 2018 Evaluate

NIIT Technologies is currently trading at Rs. 1313.00, up by 5.35 points or 0.41% from its previous closing of Rs. 1307.65 on the BSE.

The scrip opened at Rs. 1308.00 and has touched a high and low of Rs. 1325.90 and Rs. 1304.50 respectively. So far 1516 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1425.00 on 03-Sep-2018 and a 52 week low of Rs. 498.00 on 19-Sep-2017.

Last one week high and low of the scrip stood at Rs. 1373.50 and Rs. 1,299.00 respectively. The current market cap of the company is Rs. 8049.83 crore.

The promoters holding in the company stood at 30.65%, while Institutions and Non-Institutions held 56.17% and 13.18% respectively.

NIIT Technologies has released Chain-m, its Blockchain powered solution for Airline and its partners. Chain-m helps address the challenges faced by airlines and its partners in the backend process of settlements. The solution makes ticketing transactions transparent, thereby improving the trust between the entities involved in the operation.

Chain-m has a web based user interface and interactive dashboard, to provide a consolidated weekly view of number of tickets sold, total amount, fare amount, commission, Agency Debit Memo/Agency Credit Memo generated, tax amount, and payment to agencies from the airline.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.

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