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New Delhi June 26 Orient Global, a Singapore-based investment group founded by Mr Richard Chandler, has acquired over 9 per cent stake in IT training major NIIT Ltd. Orient Global's Education Fund bought 2.06 million shares of NIIT Ltd from Intel Capital.

"NIIT had issued Foreign Currency Convertible Bond (FCCBs) worth $10 million to Intel Capital in April 2005. These bonds have been converted to equity shares of NIIT recently at Rs 200 per share. Intel Capital on Monday sold 2.06 million shares to Orient Global at approximately Rs 950 a share," sources said.

Following the transaction, there has been no change in the promoters' holding in NIIT Ltd at about 31 per cent.

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