Stocks

NIIT board to meet for buyback, results

| Updated on August 09, 2019 Published on August 10, 2019

 

The board of NIIT will meet on Saturday to consider audited financial results (consolidated and standalone) for the quarter ended June 30, 2019. Besides, the board will also consider a proposal for buyback of equity shares. NIIT is sitting on a huge cash pile after it sold its 23.1 per cent stake in NIIT Tech at ₹1,394 a share to Baring PE for ₹2,020 crore. It was then widely expected that NIIT will return a large part of the sale proceeds to investors through dividends or share buyback.

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Published on August 10, 2019
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