NIIT gains after inaugurating European delivery centre

NIIT rose 5.03% to Rs 95 at 15:20 IST on BSE after the company announced the inauguration of its European delivery centre in Dublin, Ireland.

The announcement was made after marker hours on Friday, 19 August 2016.

Meanwhile, the BSE Sensex was down 102.67 points, or 0.37%, to 27,974.33.

High volumes were witnessed on the counter. On BSE, so far 9.98 lakh shares were traded in the counter, compared with an average volume of 3.06 lakh shares in the past one quarter. The stock hit a high of Rs 97.65 and a low of Rs 90.50 so far during the day.

The mid-cap company has an equity capital of Rs 33.12 crore. Face value per share is Rs 2.

NIIT had earlier announced the setting up of its Dublin centre in September 2015, when the Prime Minister of India had visited Ireland. The centre will be at the heart of NIIT's Europe operations and will provide managed training services to leading companies in Europe and North America. The centre was initially set up with local new hires and NIIT will continue to invest in hiring over 100 local employees in the coming months, it said in a statement.

NIIT, a global leader in skills and talent development, offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries. NIIT has three main lines of business across the globe-corporate learning group, skills and careers group, and school learning group.

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