NIIT trades higher on the BSE

26 May 2023 Evaluate

NIIT is currently trading at Rs. 411.00, up by 23.50 points or 6.06% from its previous closing of Rs. 387.50 on the BSE.

The scrip opened at Rs. 389.00 and has touched a high and low of Rs. 415.00 and Rs. 388.00 respectively. So far 109598 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 489.05 on 03-Jun-2022 and a 52 week low of Rs. 271.00 on 28-Oct-2022.

Last one week high and low of the scrip stood at Rs. 415.00 and Rs. 380.85 respectively. The current market cap of the company is Rs. 5542.74 crore.

The promoters holding in the company stood at 34.85%, while Institutions and Non-Institutions held 33.84% and 31.31% respectively.

NIIT has completed demerger of Corporate Learning Business into NIIT Learning Systems (NLSL) upon the Composite Scheme of Arrangement becoming effective as on May 24, 2023. Going forward, NIIT will continue to focus on and operate the Skills & Careers business, whereas NLSL would operate the Corporate Learning Business. 

This demerger recognizes the distinct market dynamics, customer segments, product offerings, and growth trajectories of each business. It provides sharper focus, simplified decision-making, focused allocation of growth capital and enhanced agility, creating significant value for stakeholders in each of these businesses. 

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements.

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