NIIT Technologies receives part payment of Rs 41.9 cr
Under a settlement agreement
NIIT Technologies has received a part payment amounting to Rs 41.9 crore under a settlement agreement. This will result in a revenue recognition of Rs 27.1 crore for services contracted, and reversal of provisions amounting to Rs 13.15 crore in the financial statement of the Company for FY 2017.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 05 2017 | 9:02 AM IST