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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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Stock in news: Adani Ports, Muthoot Finance, BEML, Just Dial, Ircon, Tata Chemicals and others


Stock in news: Adani Ports, Muthoot Finance, BEML, Just Dial, Ircon, Tata Chemicals and others
Shares of Adani Ports, Muthoot Finance, BEML, Just Dial, Ircon, Tata Chemicals others will be in focus in Monday s trading session
BusinessToday.In | March 8, 2021 | Updated 09:15 IST
Stocks to watch today: Adani Ports, Muthoot Finance, BEML, Just Dial, Ircon, Tata Chemicals
Indian benchmark indices, Sensex and Nifty, are likely to start week on positive note, tracking firm cues from global peers and positive trading at Nifty futures on the Singapore Exchange. Asian stocks were trading higher on $1.9 trillion stimulus bill passed by the US Senate as well as strong macro data which indicates recovery in global economic outlook. ....

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Top UK Stocks to Watch: LSE begins transformation following Refinitiv deal

London Stock Exchange Group begins integrating Refinitiv as it ups its dividend for 2020, Frasers Group warns some of its stores could be unviable because of business rates, Convatec expects better revenue and margins in 2021, and reports suggest Lloyds plans to become a landlord. ....

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