Citi Awards Managed Training Services Contract to NIIT

NIIT Limited, a leading provider of managed training services has been awarded a multi-year contract to provide managed training services to Citi in the Europe Middle East and Africa region.

With this new partnership, NIIT's Corporate Learning Group will source and manage third party training procured by Citi across EMEA. "Citi is going through a transformation in how they approach learning and it is our honor to have been selected as their sourcing partner across EMEA. NIIT will focus on supporting learning transformation for Citi to meet their future goals with high quality managed training services aligned with increased business impact and value," said Sapnesh Lalla, President, NIIT Corporate Learning Group.

"We are delighted to become strategic partners with NIIT. We wanted a partner who could support our diverse 54 country EMEA regional footprint. We also wanted to identify a partner to help us improve the external training proposition as we continue to build organizational capability to support Citi's mission of enabling progress. NIIT really impressed us in their ability to help us achieve our goals," said Brian Murphy, Head of Learning and Development at Citi EMEA.

Shares of NIIT LTD. was last trading in BSE at Rs.96.25 as compared to the previous close of Rs. 94.9. The total number of shares traded during the day was 996521 in over 7019 trades.

The stock hit an intraday high of Rs. 97.4 and intraday low of 94.3. The net turnover during the day was Rs. 95649120.

Source : Equity Bulls

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