NIIT gains 7% as board set to consider share buyback on December 24

As of September 30, 2020, the promoters held 34.29 per cent stake in the information technology (IT) training services company

Shares of NIIT traded 7 per cent higher at Rs 184 on the BSE on Tuesday after the company announced that it has scheduled a meeting of the board of directors on December 24, 2020 to inter alia consider proposal for buyback of equity shares of the company.

At 12:03 pm, the stock was trading 3 per cent higher at Rs 178, as compared to 0.62 per cent decline in the S&P BSE Sensex. A combined 1.8 million equity shares were changing hands on the counter on the NSE and BSE.

As of September 30, 2020, the promoters