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NIIT gains 7% as board set to consider share buyback on December 24

As of September 30, 2020, the promoters held 34.29 per cent stake in the information technology (IT) training services company

NIIT
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In the past six months, the stock has outperformed the market by surging 92 per cent

SI Reporter Mumbai
Shares of NIIT traded 7 per cent higher at Rs 184 on the BSE on Tuesday after the company announced that it has scheduled a meeting of the board of directors on December 24, 2020 to inter alia consider proposal for buyback of equity shares of the company.

At 12:03 pm, the stock was trading 3 per cent higher at Rs 178, as compared to 0.62 per cent decline in the S&P BSE Sensex. A combined 1.8 million equity shares were changing hands on the counter on the NSE and BSE.

As of September 30, 2020, the promoters

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First Published: Dec 22 2020 | 12:23 PM IST

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