of Mindtree rose over 1 percent on Monday Morning on stock exchanges after the
company scheduled its board meeting on Wednesday, March 20, 2019 to consider a
proposal of buyback of fully paid-up equity shares of company.
Company’s last buyback was taken place in 2017. The move comes this time,
amidst reports that Larsen & Toubro
Infotech Limited is in final stages of
launching a takeover effort by buying the shares of Mindtree’s strategic
investor V G Siddhartha, of the Cafe Coffee Day Group.
stock of MindTree hit an intraday high of Rs 969.95 and a low of Rs 953.20 so
far during the day. At 11.20 am, MindTree quoted at Rs959 per share up by
Rs11.60 or 1.22% on the NSE. In comparison, the benchmark Nifty reduced its
early momentum at 11457.60 up 30 points and the Sensex at Rs38123.52 up by
Limited is a global IT company, delivering s business and technology solutions
through global software development. It also delivers product-development
services & designs reusable building blocks for high-tech companies.