The board of MindTree on Wednesday approved a buyback proposal of the company. It plans 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 ₹625 a share. The buyback offer size is ₹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.
What to watch. MindTree board approves buyback
Published on
June 28, 2017 16:00
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