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BPEA acquires 30.50% stake in NIIT Technologies

20 May 2019 Evaluate

Baring Private Equity Asia (BPEA) has acquired 30.50% stake in NIIT Technologies for about Rs 2,627 crore.

Last month, funds affiliated with BPEA had signed definitive agreements to purchase 30.50% stake in NIIT Technologies from NIIT and other promoter entities at Rs 1,394 per share.

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.

Peers
Company Name CMP
TCS 2463.00
Infosys 1161.60
HCL Technologies 1378.00
Wipro 184.40
Tech Mahindra 1788.00
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