NIIT Learning valued at Rs 5,000 cr; Concord Biotech IPO subscribed 25x

NIIT Learning valued at Rs 5,000 cr on debut

Shares of NIIT Learning Systems—demerged from NIIT—finished at Rs 374 during their trading debut on Tuesday. At the last close, the company was valued at a little over Rs 5,000 crore.

NIIT Learning offers managed training services to corporations across North America and Europe. The demerger became effective on May 24 and consequently those holding one share of NIIT, as on the record date of June 8, were allotted one share of NIIT Learning Systems.