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Mindtree surges on concluding acquisition of entire ownership interest in Relational Solutions

26 Aug 2015 Evaluate

Mindtree is currently trading at Rs. 1338.00, up by 58.80 points or 4.60% from its previous closing of Rs. 1279.20 on the BSE.

The scrip opened at Rs. 1292.00 and has touched a high and low of Rs. 1357.25 and Rs. 1265.00 respectively. So far 15446 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1589.10 on 09-Apr-2015 and a 52 week low of Rs. 967.00 on 17-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1449.00 and Rs. 1260.00 respectively. The current market cap of the company is Rs. 11216.97 crore.

The promoters holding in the company stood at 13.71% while Institutions and Non-Institutions held 45.24% and 41.05% respectively.

Mindtree, a leading digital transformation and technology services company, has completed the closing conditions and obtained necessary regulatory approvals with respect to the acquisition of entire ownership interest in Relational Solutions, Inc., a US based IT solutions provider specializing in technology services to the consumer goods industry. The company had entered into a definitive agreement on July 16, 2015 for acquisition of Relational Solutions, Inc.

Mindtree is a global information technology consulting firm specializing in corporate IT services and solutions. It provides services such as Application Maintenance Services, Business Intelligence, Mainframe and System I, Infrastructure Management and Technical Support, etc.

Peers
Company Name CMP
TCS 2067.50
Infosys 999.35
HCL Technologies 1250.65
Wipro 161.40
Tech Mahindra 1542.05
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