MindTree is currently trading at Rs. 537.00, up by 5.80 points or 1.09% from its previous closing of Rs. 531.20 on the BSE.
The scrip opened at Rs. 551.10 and has touched a high and low of Rs. 551.10 and Rs. 534.65 respectively. So far 30,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 681.50 on 05-Jul-2016 and a 52 week low of Rs. 400.00 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 551.10 and Rs. 516.50 respectively. The current market cap of the company is Rs. 9,022.00 crore.
The promoters holding in the company stood at 13.67%, while Institutions and Non-Institutions held 46.28% and 40.05% respectively.
MindTree has received its board’s approval for its buyback proposal. The company is planning to buy back a maximum of 43.20 lakh shares (2.57 per cent of the total paid-up equity capital) at a price not exceeding Rs 625 a share. The buyback offer size is RS 270 crore, which is 9.83 per cent of the total paid-up equity capital and free reserves of the company as of March 31, 2017. The buyback will be done on proportionate basis through the tender offer route.
Mindtree delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition.
