 "NIIT Tech drops 10 percent after block sale of shares")
Shares of NIIT Technologies fell as much as 10.4 percent after the BSE showed 3.92 million shares, or 6.53 percent of the market capitalisation, changed hands at 267 rupees a share via block deals for a total value of Rs 105 crore.
[caption id=“attachment_401594” align=“alignleft” width=“380”]  Reuters[/caption]
The block deal took place at a significant discount to NIIT’s closing price of 297.85 rupees on Wednesday.
Shares of the small provider of software training and education services were last down 5.57 percent.
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