NIIT allots over 1.10 lakh equity shares under ESOP Scheme; Stock surges 3%

The current market cap of the company is Rs4,105.83cr.

Aug 27, 2021 02:08 IST India Infoline News Service

NIIT Ltd has informed that the Share Allotment Committee of the Company on August 26, 2021, has allotted, 1,10,990 (One Lakh Ten Thousand Nine Hundred and Ninety only) Equity Shares of Rs. 2/- each in accordance with the terms of ESOP 2005.

"We are in the process of completing the other formalities with respect to the listing of the said shares and will file a listing application along with requisite documents with the exchange shortly for seeking listing & trading approval", said company in a regulatory filing.

The scrip opened at Rs307 apiece and has touched a high of Rs319.35 apiece during early dealing hours. The current market cap of the company is Rs4,105.83cr.

At around 2:30 PM, NIIT was trading at Rs316.35 per piece up by Rs8.5 or 2.76%.

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