 "NIIT falls 15% as stock trade ex-date for share buyback")
Shares of National Institute of Information Technology (NIIT) slipped 15 per cent to Rs 74 in the intra-day trade on the BSE on Thursday on the back of heavy volumes as the stock goes ex-date for share buyback today. The stock of the IT training services company was trading close to its 52-week low price of Rs 70 per share.
On August 10, 2019, NIIT's Board had approved to buyback up to 26.8 million equity shares at Rs 125 per share for Rs 335 crore. Accordingly, October 18, 2019, was fxed as the record date for the purpose of determining
