NIIT Technologies share buyback opened on May 29, Friday. The record date for determining the eligibility of equity shareholders to participate in the buyback was March 12 and stock traded ex-buyback from March 11. NIIT Technologies will buy back up to 19,56,290 fully paid equity shares (3.13% of the issued capital). The buyback will be by way of a tender offer route through the stock exchange mechanism for cash at a price of Rs.1725 per share, a premium of 17% on the buyback approval date. NIIT Tech will buy back Rs.337.46 crore worth of shares through the buyback offer and the buyback issue will close on June 11. The last date for extinguishment of equity shares will be June 29.