Latest News
-
1:1 Bonus Issue: Multibagger FMCG Stock Under Rs 340 Approves Allotment Of Bonus Share -
1:10 Split, 1:1 Bonus; Akshay Kumar-Endorsed Co Which Allotted 5.6 Crore Bonuses, Aims Rs 18,000 Crore Revenue -
2:1 Bonus Issue Coming Up: Penny Stock Gives 183% Returns Ahead Of Ex-Bonus Date; Eligibility Criteria! -
Heavy Rains Lead to Cancellation of Flights from India to Dubai -
1:2 Stock Split: Record Date On April 24; Buy The Scrip Now To Be Eligible? -
3:1 Bonus Shares: Record Date In 3 Days On 20th April; Buy The Pharma Stock? -
Global Economy Faces 19% Income Reduction by 2049 Owing to Climate Change -
How To Get Pre-Approved Loans At SBI? All You Need Is Four Clicks! -
How To Pick Up The Right Index Funds For Your Portfolio? -
Senate Examines Boeing's Safety Failures in Back-to-Back Hearings
Soota sells half his shares in MindTree
Meanwhile, Rostow Ravanan chief financial officer at MindTree stated to Wall Street Journalthat the stake was bought by Global Technology Ventures, which was also one of the early venture-capital for MindTree.
Further adding, Ravan said, this has increased Global Technology Ventures' stake in MindTree to 13%-14%.
The former Executive Chairman and CEO, Soota, owned 4.44 million MindTree shares.
The price of the deal was not specified. But it ha sbeen widely reported that 2.2 million shares of MindTree were exchanged on the National Stock Exchange (NSE) via block deal. the price for the block deal was Rs 428 per share. A premium of 18.6% to the stock's closing price of Rs 361 Wednesday.
"The sale doesn't affect us in any way and I see this as a sign of somebody who is invested in us since 1999, Global Technology Ventures, continuing to support the company," Mr. Ravanan said.
OneIndia Money
