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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 2498.05
Infosys 1180.65
HCL Technologies 1438.60
Wipro 197.70
Tech Mahindra 1830.00
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