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NIIT Technologies shines on concluding sale of 88.99% stake in ESRI India Technologies

  • May-15-2019
  • 14 Hrs IST

NIIT Technologies is currently trading at Rs. 1260.65, up by 7.95 points or 0.63% from its previous closing of Rs. 1252.70 on the BSE.

The scrip opened at Rs. 1252.00 and has touched a high and low of Rs. 1266.75 and Rs. 1252.00 respectively. So far 5565 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1425.00 on 03-Sep-2018 and a 52 week low of Rs. 970.55 on 06-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1266.75 and Rs. 1228.50 respectively. The current market cap of the company is Rs. 7797.12 crore.

The promoters holding in the company stood at 30.50%, while Institutions and Non-Institutions held 56.81% and 12.69% respectively.

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies, India shall cease to be subsidiary of the Company with immediate effect.

Earlier, the company had signed a Share Purchase Agreement (SPA) with Environmental Systems Research Institute Inc., USA.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.