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NIIT Q1 net profit at ₹1090 crore; board approves ₹335 crore buyback
Posted on 10th August 2019
New Delhi: Skills and talent development company NIIT Ltd on Saturday posted a consolidated net profit of ₹1,090.4 crore for the June quarter, and said its board has approved a buyback programme of up to ₹335 crore.

Net revenue declined by 2% to ₹210.3 crore during the first quarter, from ₹214.3 crore in the year-ago period.


NIIT Ltd Q4 net profit up 18 pc to Rs 23 crore
Posted on 25th May 2019
New Delhi: NIIT Ltd on Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business.

The skill development and talent development firm had posted a net profit of Rs 19.7 crore in the year-ago period.


Hulst BV acquires additional 98,100 shares in NIIT Technologies
Posted on 23rd May 2019
New Delhi: Hulst BV has acquired additional 98,100 shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.04 per cent, a regulatory filing said on Thursday.

On Wednesday, Hulst BV had acquired 1.23 lakh shares of NIIT Technologies taking its shareholding in the company to 31.88 per cent.


Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies
Posted on 18th May 2019
New Delhi: Baring Private Equity Asia (BPEA) has acquired 30.50 per cent stake in mid-sized software services firm NIIT Technologies Ltd for about Rs 2,627 crore, a regulatory filing said on Saturday.

Last month, funds affiliated with BPEA had signed definitive agreements to purchase 30.5 per cent stake in NIIT Technologies from NIIT Ltd and other promoter entities at Rs 1,394 per share.


Baring PE Asia may buy NIIT at up to ₹10,000 crore valuation
Posted on 17th January 2019
Mumbai: Baring Private Equity Asia Ltd is likely to acquire NIIT Technologies Ltd in a deal that may value the IT solutions company at ₹8,000-10,000 crore, said two people with direct knowledge of the matter. Credit Suisse has been given the mandate by NIIT to find a suitable buyer, the people said, requesting anonymity.

NIIT to train 1 lakh people in IT, BFSI sectors under TPaaS offering
Posted on 26th June 2018
NEW DELHI: Skills development firm NIIT on Tuesday announced its Talent Pipeline as a Service (TPaaS) offering, under which it will train one lakh people over the next three years in IT and banking and financial services sectors.

TPaaS is being launched to ensure reliable availability of specifically skilled talent to global organisations to match the pace of expansion in today's fast changing, uncertain business environment, NIIT Ltd CEO Sapnesh Lalla told PTI.


NIIT Tech net profit down over 47% to Rs 28.6 cr for Q1
Posted on 15th July 2016
NIIT Technologies on Friday reported a 47.5 per cent decline in its net profit for the first quarter of current financial year at Rs 28.6 crore on account of a one-time provision of Rs 36.1 crore.

The company said it has made a provision of Rs 36 crore for amounts outstanding in respect of a government contract, where the programme has been put on hold to resolve project issues.


NIIT gains on winning services contract from Citi
Posted on 15th October 2015
Shares of NIIT were up over 5% at Rs 97 on the Bombay Stock Exchange after the company said it has been awarded a multi-year contract to provide managed training services to leading global bank Citi in Europe, Middle East and Africa (EMEA).

With this new partnership, NIIT's Corporate Learning Group wil source and manage third party training procured by Citi across EMEA, the company said in a release.


NIIT hits fresh 52-week high, up 28% in two sessions
Posted on 20th July 2015
NEW DELHI: Shares of NIIT Ltd extended gains for the second straight session and hit their fresh 52-week high of Rs 67.30 in intraday trade on Monday. Including Monday's gains, the stock has rallied over 28 per cent since Friday. The scrip has gained about 14 per cent in intraday trade today on the BSE.

This was in addition to 11.23 per cent surge, the scrip witnessed on the exchange in the preceding session, thanks to a 25-fold jump in the Q1 net profit, the company reported during the trading session.


NIIT Tech acquires majority stake in Incessant Tech
Posted on 19th May 2015
Global IT solutions provider NIIT Technologies today said it has signed a strategic agreement to acquire majority stake in Incessant Technologies.

Global IT solutions provider NIIT Technologies today said it has signed a strategic agreement to acquire majority stake in Incessant Technologies.


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