NIIT surges 14% in two days on board nod for reorganisation of CLG biz

Shares of NIIT surged 8 per cent to Rs 427 in Monday’s intra-day trade, thus extending its two-day rally to 14 per cent on on the BSE after the company’s board approved the composite scheme of arrangement which would result in Corporate Learning Group (CLG) Business and Skills & Careers Group (SNC) Business to be reorganized as separate publicly listed companies.

At 10:29 am; NIIT was up 7 per cent, as compared to 1.4 per cent rise in the S&P BSE Sensex. The counter witnssed huge trading volumes with a combined 2.06 million equity shares changing hands on the