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.
