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NIIT Technologies surges on getting shareholders’ nod for Rs 337.4 crore buyback programme

18 Feb 2020

NIIT Technologies is currently trading at Rs. 1832.00, up by 8.70 points or 0.48% from its previous closing of Rs. 1823.30 on the BSE.

The scrip opened at Rs. 1830.00 and has touched a high and low of Rs. 1839.85 and Rs. 1821.25 respectively. So far 2639 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2057.00 on 23-Jan-2020 and a 52 week low of Rs. 1179.90 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 1869.80 and Rs. 1782.00 respectively. The current market cap of the company is Rs. 11446.87 crore.

The promoters holding in the company stood at 70.11%, while Institutions and Non-Institutions held 21.09% and 8.80% respectively.

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.


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