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NIIT Tech's Rs 337-cr buyback offer to open on May 29; stock surges 9%

The stock has rallied 17 per cent in the last four days

NIIT Tech
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The stock more-than-doubled from its 52-week low of Rs 739 touched on March 24

SI Reporter Mumbai
Shares of NIIT Technologies surged 9 per cent to Rs 1,573 on the BSE on Friday after the company announced that its Rs 337.4-crore buyback offer will commence from May 29.

The IT consulting & software company's stock was trading higher for the fourth straight day. It has rallied 17 per cent during this period. The stock turned ex-date for share buyback on March 11, 2020.

According to the update provided to the stock exchanges, NIIT Technologies said the buyback offer will open on May 29 and close on June 11.

The company, in December last year,

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