Mindtree has received an approval for the Scheme of Amalgamation of Magnet 360, LLC with itself. The Scheme will come into effect subject to the approval of the National Company Law Tribunal and other statutory authorities as may be required. Magnet 360, LLC is a wholly owned subsidiary of Mindtree. The Board of Directors of the company at their meeting held on October 06, 2017 has considered and approved the same.
The amalgamation will result in economy of scales and reduction in overheads, administrative, managerial and other expenditure, operational rationalisation, organisational efficiency, and optimal utilisation of various resources.
Mindtree delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition.
Got a minute? Help us shape our products!
Thank you for being a registered user on MoneyWorks4me (SEBI Registered: INA000013323) - with 2.75 lac+ registered users.
We are working on shaping our products to enable you confidently invest in stocks. Towards this we want to understand your needs and priorities better. It will only take a minute and would help us serve you better!
What more? You get special offer as token of appreciation of your valuable feedback once new version is launched. We assure you it will be a solution you will be happy to use!