NIIT trades higher on the BSE
NIIT is currently trading at Rs. 132.75, up by 2.20 points or 1.69% from its previous closing of Rs. 130.55 on the BSE.
The scrip opened at Rs. 133.05 and has touched a high and low of Rs. 135.95 and Rs. 130.55 respectively. So far 25181 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 233.80 on 02-Dec-2024 and a 52 week low of Rs. 90.80 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 135.95 and Rs. 118.70 respectively. The current market cap of the company is Rs. 1788.61 crore.
The promoters holding in the company stood at 37.22%, while public held 62.78% stake in the company.
NIIT has approved a proposal to purchase an additional 1,900,000 equity shares NIIT Institute of Finance Banking and Insurance Training (IFBI), a subsidiary of the Company, constituting 18.79% of the aggregate issued and paid-up share capital from ICICI Bank; and 50,000 equity shares of IFBI constituting 0.49% of the aggregate issued and paid-up share capital from Individual shareholders.
The company is already holding 80.72% of the aggregate issued and paid-up share capital of the IFBI and post aforesaid acquisition, IFBI will become a wholly owned subsidiary of the company. The acquisition is expected to be completed on or before September 30, 2025.
NIIT is a leading skills & talent development corporation, the company offers training and development solutions to Individuals, Enterprises and Institutions.
