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NIIT Technologies rises on plan to acquire Sabre Holdings’ Philippines development center

Coforge Ltd. | IT - Software | IT & ITES | BSE: 532541 | NSE: COFORGE

11 Sep 2012 Evaluate

NIIT Technologies is currently trading at Rs. 285.85, up by 2.15 points or 0.76% from its previous closing of Rs. 283.70 on the BSE.

The scrip opened at Rs. 285.85 and has touched a high and low of Rs. 286.55 and Rs. 282.00 respectively. So far 1787 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.00 on 31-May-2012 and a 52 week low of Rs. 166.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 294.60 and Rs. 277.35 respectively. The current market cap of the company is Rs. 1711.15 crore.

The promoters holding in the company stood at 38.85% while Institutions and Non-Institutions held 36.64% and 24.50% respectively.

NIIT Technologies, a leading global IT solutions organization has signed an agreement to acquire Sabre Holdings’ Philippines development center. Sabre, a global technology company, is the world’s leading provider of solutions for the travel industry and also a key customer of NIIT Technologies.

The acquisition further deepens NIIT Technologies’ engagement with Sabre and enhances its global delivery capability. Manila is a proven destination for Business Process Outsourcing (BPO) services and NIIT Technologies will provide services to Sabre and its other customers from this Manila center, which has a capacity of 200 seats with opportunity for expansion.

NIIT Technologies is ranked no 1 in Travel by Datamonitor Black Book of Outsourcing and has held this position for three consecutive years. The company continues to strengthen its position towards becoming a significant IT services player in the global Travel and Transport markets.

Coforge Share Price

1316.70 4.05 (0.31%)

17-Apr-2026 16:59 View Price Chart

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NIIT Technologies rises on plan to acquire Sabre Holdings’ Philippines development center

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