Shares of NIIT rose as much as 5 percent in Thursday's trade after the stock turned ex-date for the demerger of its corporate learning business. The stock opened at Rs 98.70 level (adjusted of demerger) against yesterday's closing price of Rs 405.90. The stock later jumped 5 percent to hit a high of Rs 103.60 in today's trading session.

NIIT Limited (National Institute of Information Technology) is an Indian multinational skills and talent development corporation headquartered in Gurgaon, India. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges. NIIT offers training and development to individuals, enterprises and institutions.

NIIT Foundation (NF) is a not-for-profit education society (NGO) set up by the promoters of NIIT in 2004. Its mission is to positively impact the underprivileged of the country through educational initiatives and skill development programs .