NIIT to adopt acquisition strategy for growth

NIIT is trading close to its 52 week high, at Rs 99.10 on Wednesday on an intraday basis at 12.40 pm. The stock made an intraday high of 100 per share. The 52 week high for the stock has been Rs 107 per share.

NIIT has announced its intention for acquiring innovative companies in education for digital push. The company management believes such acquisitions will help in accelerating the company’s digital transformation. According to Udai Singh , head of New Business Initiative, NIIT – the company wants to create a full-fledged tech enabled learning ecosystem for its clients. 

The company has already acquired Bengaluru based education tech start-up, Perceptron Learning Solutions. The acquisition of Perceptron’s business will help NIIT forward its digital initiatives and improve its NIIT TV platform.

Over a one year period the stock is up by almost 40 per cent. In one month the stock has gained 5.5 per cent.