NIIT Limited Buyback 2019
Established in 1981, NIIT Limited, a global leader in Skills and Talent Development, offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries. The company ranks among the world’s leading training companies owing to its vast, yet comprehensive array of talent development programs.
With a strong focus on assuming a 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 organizations.
Further, NIIT entered into a strategic partnership with UP! Your Service, the global leader in creating cultures of service excellence worldwide, to implement a culture of service excellence across organizations. The partnership with UP! Your Service is a strategic move to expand NIIT’s Corporate Learning portfolio to deliver internal and external cultures of Service Excellence. In addition to its cutting-edge Managed Training Services (MTS), NIIT will now offer services like Service Culture Indicator, Service Leader Workshops, and Service Excellence Workshops to take organizations to a new level of service that is enabled by fundamental principles and actionable models.
The Training.com learning platform is a pioneering initiative for advanced career programs, which are delivered live by industry experts in an immersive and interactive online mode, combining instructor-led classrooms with the convenience of accessing the training sessions from anywhere. The programs are targeted at working professionals who want to take their careers to the next level by enhancing their knowledge of the latest concepts through programs offered from premier institutes like IIM Calcutta, DMI Ireland, and edX.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Oct 18 2019|
|Buyback Opening Date:||Nov 25 2019|
|Buyback Closing Date:||Dec 06 2019|
|Buyback Offer Amount:||₹ 335 Cr|
|Date of Board Meeting approving the proposal:||Aug 10 2019|
|Date of Public Announcement:||Aug 10 2019|
|Buyback Offer Size:||15.998%|
|Buyback Number of Shares:||26,800,000|
|Buyback Price:||₹ 125 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,55,200||1,55,200||1,55,200||1,55,200|
|No. of Shares buyback||528||800||1200||1600|
|Category||No. of Shares reserved for Buyback||No. of Valid Applications||Total Shares Tendered||% Response|