NIIT rallies after co says share buyback to begin on April 12
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Last Updated: Apr 01, 2021, 09:58 AM IST
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Synopsis
The company said it has received final observations from Sebi on the draft letter of offer.
The company said its up to Rs 237 crore buyback offer will open on April 12.
NEW DELHI: NIIT shares rallied 14 per cent on Thursday after the skills and talent development firm said its up to Rs 237 crore buyback offer will open on April 12.
In a filing to BSE, the company said it has received final observations from Sebi on the draft letter of offer.
In accordance with the SEBI (Buy-Back of Securities) Regulations, 2018, the company will dispatch the letter of offer for the buyback to eligible shareholders, appearing on the record date of February 24, 2021, on or before April 5, 2021.