Budget 2024: Experts suggest that the education budget should prioritise AI and technology integration, bridge digital divide, provide tax exemptions and lower GST rates, and offer reduced interest rates on educational loans.
NIIT shares rose 4.64 per cent to hit a high of Rs 104.70 on BSE. The composite scheme of arrangement had got effective from May 24. Shareholders of NIIT will get one share of NIIT Learning Systems for each share of NIIT.
NIIT shares opened at Rs 98.70 level (adjusted of demerger) against Wednesday's closing price of Rs 405.90. It later jumped 3.75 per cent to hit a high of Rs 102.40.
NIIT Learnings Systems reported a profit after tax of Rs 192.20 crore for FY23. It revenue for the year was up 20 per cent at Rs 1,361.80 crore. Ebitda margin for the quarter stood at 23.2 per cent.