NIIT Limited Buyback (NIIT Buyback) Detail

Apr 12, 2021 - Apr 28, 2021

NIIT Limited is a leading Skills and Talent Development Company that has two main lines of business; a.) Corporate Learning Group and b.) Skills and Careers Group

NIIT's Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania.

The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT.

With a footprint in over 30 countries, these business lines offer training and development solutions to Enterprises, Individuals, and Institutions.

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NIIT Buyback Detail

Issue Period	Apr 12, 2021 - Apr 28, 2021
Security Name	NIIT Limited
Issue Type	Tender Offer
Issue Size (Shares)	0.99 Crores
Issue Size (Amount)	₹237.00 Crores
Buyback Price	₹240 per share
Face Value	₹2 per share
Listing At	BSE, NSE

NIIT Buyback Issue Timetable

Offer Opens On	Apr 12, 2021
Offer Closes On	Apr 28, 2021
Record Date	Feb 24, 2021
Last Date for receipt of Tender Forms	Apr 30, 2021
Finalisation of Buyback Acceptance	May 6, 2021
Last Date for settlment of bids	May 7, 2021
Last Date for Extinguishment of Shares	May 14, 2021

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Company Financials

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Stock Market Data (for preceding 3 months)

BSE

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.5	153.42

NSE

Month	High Price	Low Price	Average Price
Month	High Price	Low Price	Average Price
Jan-2021	206.15	187.6	198.6
Dec-2020	207.3	168.85	182.97
Nov-2020	190.5	131.5	153.43

Necessity of the Issue

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

NIIT Buyback Documents

Letter of Offer

NIIT Buyback Rating

4.3

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Company Contact Information

NIIT Limited
8, Balaji Estate, First Floor,
Guru Ravi Das Marg,
Kalkaji New Delhi – 110019

Phone: +91-11-41675000
Email: investors@niit.com
Website: https://www.niit.com/india/

NIIT Buyback Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: niit.buyback2021@linkintime.co.in
Website: http://www.linkintime.co.in

NIIT Buyback Manager

Lead Manager(s)

JM Financial Consultants Private Limited

Registered Broker

JM Financial Services Limited
Email: divyesh.kapadia@jmfl.com

Find NIIT Buyback Latest Update

NIIT Buyback FAQs

When is NIIT Buyback offer coming?

The NIIT Buyback opens on Apr 12, 2021, and closes on Apr 28, 2021.
Which type of buyback is NIIT Buyback offer?

The NIIT Buyback is a Tender Offer.

What is the schedule of activities for NIIT Buyback?

NIIT Buyback Schedule

Buyback Opening Date	Apr 12, 2021
Buyback Closing Date	Apr 28, 2021
Last Date for receipt of Tender Forms	Apr 30, 2021
Finalisation of Buyback Acceptance	May 6, 2021
Last Date for settlment of bids	May 7, 2021
Last Date for Extinguishment of Shares	May 14, 2021

What is the offer price for NIIT Buyback offer?
The NIIT Buyback is being offered at Rs ₹240 per share per equity share.

In what ratio is the NIIT Buyback offered?

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

What is the record date for NIIT Buyback offer?
The record date for the NIIT Buyback is Feb 24, 2021.
What is the issue size of NIIT Buyback?
The issue size of NIIT Buyback is of 0.99 Crores equity shares at ₹240 per share aggregating upto ₹237.00 Crores.
What is the necessity for NIIT Buyback?
The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

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