Damani’s stake, valued at Rs 10.02 crore, involved purchasing 8 lakh equity shares of NIIT at Rs 127.55/share through a bulk deal on the NSE, according to exchange data.
As of the company’s shareholding pattern for the quarter ended June 2024, Damani had no previous stake in the company.
Additionally, on August 22, NIIT’s promoters, the Thandani Family Trust and the Pawar Family Trust, increased their stake. The trusts, through their respective trustees Vijay Kumar Thadhani and Rajendra Singh Pawar, acquired a combined 3.54 million equity shares, representing 2.62% of NIIT’s total equity. The shares were bought at Rs 118 each through open market transactions.
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According to June 2024 shareholding data available with the exchanges, 34.6% of the company’s equity rested with the promoter and the promoter group, while remaining 65.4% lies in the hands of the public shareholders.
NIIT is a global leader in skills and talent development, providing comprehensive training and development solutions to individuals, corporations, and institutions. Founded in 1981, the company offers a range of services including IT training, business process outsourcing, and corporate learning solutions.
It operates across several continents and serves a diverse clientele, including major corporations and government agencies, with a focus on enhancing employability and driving business performance through innovative educational programs.
The shares of NIIT have given multibagger returns of 125% in the last year while rising 55% in 2024 so far. In the last six months alone, the stock has advanced 41%
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