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NIIT hits over 13-year high on healthy March quarter results

Read more about NIIT hits over 13-year high on healthy March quarter results on Business Standard. The company recorded an exceptionally strong quarter of revenue growth and profitability owing to sustained business development, digital transformation and optimized business operations ....

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NIIT buyback price, NIIT buyback date, NIIT share price, NIIT share price buyback, NIIT share price NSE

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NIIT share buyback price fixed at Rs 240
NIIT buyback price, NIIT buyback date: NIIT Shares of NIIT Ltd rallied 19.98 per cent or Rs 27.55 to end at Rs 165.45 on Thursday on account of buyback news. NIIT is one of India s top skills and talent development firms. NIIT said that the buyback price has been fixed at Rs 240 apiece.Â
NIIT buyback offer will open on April 12. The closing date has been set for April 28.
NIIT in a regulatory filing said that it has received final observations from the Securities and Exchange Board of India (SEBI) on the draft letter for the buyback offer. 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. ....

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NIIT rallies after co says share buyback to begin on April 12

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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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. ....

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NIIT surges 19% on announcement of share buyback schedule

Shares of NIIT surged 19 per cent to Rs 163.70 on the BSE in intra-day trade on Thursday after the company announced that its buyback offer would open on April 12, 2021. The buyback, which is proposed to be made under the tender offer route, will close on April 28, 2021.
The company’s board on December 24, 2020, had approved an up to Rs 237 crore (of around 9.8 million shares) buyback proposal at Rs 240 per equity share.
As of December 2020, the promoters held a 34.27 per cent stake in NIIT. Foreign portfolio investors have 23.80 per cent holding, followed by individual shareholders (22.37 per cent), mutual funds (8.01 per cent) and others (8.2 per cent), data as per the company’s pre-buyback shareholding pattern showed. ....

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Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India

Read more about Stocks to watch: Cadila Health, NIIT, BEML, Dish TV, RIL, DLF, Coal India on Business Standard. The board of NIIT has approved buyback of 98.75 lakh equity shares of face value of Rs 2 each. ....

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