NIIT Technologies announces buyback of 19.56 lakh shares at Rs 1,725 apiece
Updated : December 24, 2019 01:21 PM IST
The company said the proposed buyback represents 20.23 percent of the paid-up equity share capital and free reserves of the company.
The proposed buyback price is over 9 percent higher than Monday's closing price of Rs 1,577.85 on the BSE.
NIIT Technologies’ stock has outperformed the broader markets this year by increasing over 39 percent so far.