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Access here alternative investment news about Baring Pe's Plan To Buy 30% Stake In Niit For Rs 2627-cr Gets Cci Approval | Business Standard News
Private Equity

Baring Pe's Plan To Buy 30% Stake In Niit For Rs 2627-cr Gets Cci Approval | Business Standard News

by business-standard.com posted 3months ago 12 views
This includes about 14.4 million shares of NIIT and 4.3 million shares held by he families of NIIT founders. : The Competition Commission said Friday it has cleared Baring Private Equity Asia's 30 per cent stake purchase in mid-sized IT services firm NIIT Technologies in a Rs 2,627-crore deal. The acquisition will trigger an open offer under which Baring Private Equity Asia (BPEA) will make an offer to public shareholders of NIIT Technologies for purchasing up to 26 per cent additional shareholding, taking the total deal value to up to Rs 4,890 crore.

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