MindTree Ltd and outgoing Executive Chairman Mr Ashok Soota, whose resignation is effective March 31, 2011, have jointly clarified Mr Soota's sale of MindTree stake. Mr Soota said, “I have no immediate plans for the divestment of my stake in MindTree.”
Mr Soota said that he plans to divest his stake to fund his new NGO and business venture in due course of time. Mr Soota holds around 11.24 per cent of MindTree shares.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.