Hulst BV has gained extra 1.6 lakh shares of NIIT Technologies from the open market, using its shareholding in the mid-sized Indian IT firm to 32.38 percent. The shares were bought at Rs 1,267.23 apiece.
NIIT Technologies in an NSE filing said, “Hulst BV has acquired 1,60,000 equity shares (with the face value of Rs 10 each) of NIIT Technologies Ltd, on May 24, 2019.”
In April, Baring Private Equity Asia (BPEA) had announced buying about 30 percent stake in NIIT Tech from NIIT Ltd and other promoter entities at a price of Rs 1,394 per share, putting the transaction valued at about Rs 2,627 crore.
The deal triggered an open offer, which is slated to commence from May 31. The total consideration for the open offer, at full acceptance, would be up to Rs 2,262.34 crore.