NIIT Limited Buyback - Record Date, Buyback Price & Details

NIIT Limited Buyback Details

Buyback Dates 12 Apr 2021 - 28 Apr 2021
Buyback Price 240
Record Date 24 Feb 2021
Approval Date 24 Dec 2020
Public Announcement 24 Dec 2020
Buyback Offer Rs.237.0 crores
Buyback Offer Size 6.798%
Number of Shares 9900000
Buyback Type Tender Offer

About NIIT Limited Buyback

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world's leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint in over 30 countries, NIIT offers training and development solutions to Individuals, Enterprises and Institutions.

With a strong focus on assuming leadership role in the Digital Learning World and to further accelerate NIIT's growth and profitability, the company has charted a focused business strategy to address the Digital Transformation needs for individuals and corporate customers by offering training and consulting to help them re-invent themselves & their organisations.

Through NIIT Digital, learners are able to access their learning plans and all associated content and services through an intuitive dashboard on connected Desktops/ Tabs/ Smartphones. They are also able to attend LIVE Instructor-led classes by some of the best NIIT instructors, view recorded sessions, take quizzes, and interact with their instructors & peers, in addition to a host of other features.

Entitlement Ratio of Buyback is 102 Equity Shares for every 919 Equity Shares held on the Record Date for Reserved Category for Small Shareholders and

19 Equity Shares for every 292 Equity Shares held on the Record Date for General Category for all other Eligible Shareholders

NIIT Limited Buyback FAQs

  1. What is the Record Date for NIIT Limited Buyback?

    The Record Date for NIIT Limited Buyback is 24 Feb 2021.

  2. What is the Buyback Dates for NIIT Limited?

    The NIIT Limited Buyback will open on 12 Apr 2021 and closes on 28 Apr 2021.

  3. What is the Buyback price of NIIT Limited?

    The Buyback price of NIIT Limited is Rs.240.

  4. What is the Buyback Type of NIIT Limited?

    The Buyback Type of NIIT Limited is Tender Offer.