NIIT open for strategic partners

MUMBAI: NIIT Technologies Ltd (NTL) on Monday said its parent company NIIT was open to bring in strategic partners into the company to help NTL with its next level of growth, but it has not reached any deal so far on this front.

"From the time of demerger in 2004, NIIT (through its wholly-owned subsidiary Scantech Evaluation Services Ltd) continues to hold 25 per cent stake in NTL, with a vision to attract strategic partners, if required, to help NTL with its next level of growth," NTL informed the Bombay Stock Exchange.

"There is no change in that position and no specific transaction to report," it added.

Shares of the company today closed at Rs 447.55, up 9.57 per cent on the BSE.