NIIT executes Share Purchase Agreement (SPA) for sale of shareholding

Image
Capital Market
Last Updated : May 10 2019 | 12:31 PM IST

On 06 April 2019

NIIT, part of Promoter/ Promoter Group has executed a Share Purchase Agreement (SPA) on 06 April 2019 with Hulst B.V. (Purchaser) and NIIT Technologies (NTL) for sale of its entire shareholding comprising 1,44,93,480 equity shares of Rs. 10/- each in equity share capital of NTL to Hulst B.V. (Purchaser) as per the terms and conditions stated in the Share Purchase Agreement. Simultaneously, the remaining Promoter/ Promoter Group of NTL have also executed separate share purchase agreements for sale of their entire shareholding comprising 43,54,638 equity shares of Rs. 10/- each (aggregating to 6.94% as on date on fully diluted basis) to the Purchaser.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 10 2019 | 12:14 PM IST

Next Story