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NIIT Technologies gets shareholders’ nod for Rs 337.4 crore buyback programme

17 Feb 2020 Evaluate

NIIT Technologies has received an approval of shareholders for its over Rs 337.4 crore buyback plan by requisite majority. Earlier, the Board of the company at a meeting on December 23, 2019 approved the proposal of buyback of up to 19,56,290 fully paid equity shares of a face value of Rs 10 each at a price of up to Rs 1,725 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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