Announced Tue, 16 Jun · 23:08 IST
NIIT reappoints Independent Director Garikipati for second five year term
Management Changes View source PDF
NIITLTD · price
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Price reaction · full curve 14 horizons · vs prior close
-7.9%1-day move
₹105.99
prior close
₹107.00
base price
After-mkt
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-0.3-0.9-0.5-1.4-7.9-10.4-2.3-4.0-2.1-9.1-6.2-8.4——
Up moveDown movePending
AI summary
NIIT Limited Board has approved re-appointment of Mr. Ravindra Babu Garikipati as Independent Director for a second term of five years, effective November 11, 2026. The move, recommended by the Nomination and Remuneration Committee, is subject to shareholder approval. Garikipati is a senior tech executive with 35 plus years of experience, formerly CTO of Flipkart, and currently on boards of IndusInd Bank and NIIT Learning Systems.
Likely market impact
Routine governance update, subject to shareholder approval. Minimal impact on share price expected.