mindtree

Mind completely occupied with Mindtree acquisition; will make it a big firm: L&T Chairman A M Naik

The $20 billion conglomerate, which has taken its overall holding in Mindtree to about 26 percent, will launch the open offer to buy additional stake in around 10 days, he added.

L&T buys 13,440 shares of Mindtree, expands shareholding to 26.48%

After the latest transaction, L&T's shareholding in Mindtree stands at 26.48 per cent. The latest stock purchase was made at Rs 979.98 apiece.

L&T acquires 1,168 shares of Mindtree taking total stake to 25.94%

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 per cent. The latest stock purchase was made at Rs 972 apiece.

All eyes on May 13 for SEBI approval of L&T open offer on Mindtree

The engineering behemoth is looking to pick up a controlling stake and a possible merger with its technology subsidiary L&T Infotech.

Editor's Take | Does Mindtree board's view on L&T open offer matter?

Vaibhavi Khanwalkar chats with Moneycontrol's Prince Thomas to understand if Mindtree's opinion matters in this takeover.

Foreign investors turn sellers in May; focus shifts to these 22 FII-heavy stocks

There are as many as 22 stocks on BSE where FIIs hold 40-70 percent stake. These include UPL, NIIT Technologies, HDFC Bank, Bharti Infratel, ICICI Bank and Mindtree

Over 1 crore pledged shares of Mindtree released on March 30

Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm. However, Mindtree's promoters are opposed to the proposed deal.

L&T buys shares of Mindtree worth Rs 113 cr via open market

Last week, L&T had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.

'Bet on TechM, Wipro and Mindtree for better return among IT stocks'

Both TCS and Infosys hold 27 percent each in the index weight and they are likely to take leadership alternatively to help index inch up

Analytics the future for Mindtree to go beyond digital: Rostow Ravanan

For the company, one of the first movers in shifting towards digital, as it accounts for about 50 percent of the total revenue. Ravanan said the vision is to get to the next $1 billion much faster and going beyond digital.

Hold Mindtree; target of Rs 1080: Arihant Capital

Arihant Capital recommended hold rating on Mindtree with a target price of Rs 1080 in its research report dated April 18, 2019.

Buy Mindtree; target of Rs 1100: Anand Rathi

Anand Rathi is bullish on Mindtree has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated April 18, 2019.

We have grown faster than the industry in five years: Rostow Ravanan, Mindtree

"Specific to our business, we are extremely confident of our growth," Ravanan said.

Ideas for Profit: Why investors should stay put in Mindtree

Mindtree shareholders are indeed in a sweet spot as long as the digital-driven strategy bears fruit for the company and attracts the attention of its rivals.

Will Mindtree's special dividend make L&T up its open offer price of Rs 980/share?

Amit Tandon, Managing Director, Institutional Investor Advisory Services, pointed out that there is nothing illegal about the dividend declared by the company and is in line with corporate governance. But in the light of special dividend of Rs 20, there here is a feasibility to revise the pricing by L&T.

Mindtree's special dividend could strip firm of Rs 320 crore ahead of L&T takeover

The company has declared an interim dividend of Rs 3 per share that will be paid before May 10.

Mindtree Q4 PAT up 3.8% QoQ to Rs 198.4 cr; co announces special dividend of 200%

Total revenues grew 2.9 percent on a QoQ basis to Rs 1,839.40 crore for the quarter ended March

Mindtree Consolidated March 2019 Net Sales at Rs 1,839.40 crore, up 25.64% Y-o-Y

Mindtree Standalone March 2019 Net Sales at Rs 1,839.40 crore, up 28.8% Y-o-Y

CCI approves L&T’s acquisition of 66% stake in Mindtree

L&T signed a deal to buy 20.32 per cent stake of VG Siddhartha and his coffee enterprise on March 10 for over Rs 3200 crore at Rs 980 per share. The engineering and construction major made an open offer to buy 31 percent stake from Mindtree’s shareholders and an addition 15 percent through on-market purchase.

Mindtree Q4 PAT seen up 2.4% QoQ to Rs. 195.8 cr: Prabhudas Lilladher

Net Sales are expected to increase by 2.1 percent Q-o-Q (up 24.7 percent Y-o-Y) to Rs. 1,825.2 crore, according to Prabhudas Lilladher.

Mindtree Q4 PAT seen up 1.9% QoQ to Rs. 194.8 cr: Kotak

Net Sales are expected to increase by 1.6 percent Q-o-Q (up 31.9 percent Y-o-Y) to Rs. 1,816.5 crore, according to Kotak.

Too soon to comment, will wait for board decision: Mindtree Exec Chairman Natarajan on L&T offer

We are focused on presenting our positives to our shareholders and tell them that we do have a bright future. We think that’s the most important message we are sending and we are getting very positive responses from them.

Mindtree board evaluating 'several options' to stave off L&T bid, says Natarajan

Asserting that 'independence' of Mindtree is important, Natarajan, one of the company's promoters who had opposed L&T offer, said there is nothing about individuals.

L&T's acquisition of Mindtree may be damaging for all stakeholders: Nalanda Capital

Nalanda Capital also stated that the acquisition might weigh down heavily on L&T’s reputation.