MINDTREE.BO - Mindtree Limited
| Previous close | 979.95 |
| Open | 982.00 |
| Bid | 980.00 x 0 |
| Ask | 983.00 x 0 |
| Day's range | 978.25 - 984.00 |
| 52-week range | 752.60 - 1,181.90 |
| Volume | 10,330 |
| Avg. volume | 575,727 |
| Market cap | 160.708B |
| Beta (3Y monthly) | 0.94 |
| PE ratio (TTM) | 21.37 |
| EPS (TTM) | 45.85 |
| Earnings date | N/A |
| Forward dividend & yield | 12.00 (1.22%) |
| Ex-dividend date | 2019-04-25 |
| 1y target est | 849.35 |
- GoodReturns•10 days ago
L&T Further Increases Stake In Mindtree
Engineering behemoth Larsen and Turbo's (L&T) stake in Mindtree rose to 26.48 percent from the earlier 25.94 percent after additional buy via open market on 16 May. It purchased 886,438 shares in the open market at Rs 979.81 apiece, L&T said
- Free Press Journal•12 days ago
L&T acquires another 1,168 shares of Mindtree, holding nearly 26 pc
Larsen and Toubro (L&T) has acquired another 1,168 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 25.94%.
- Firstpost•17 days ago
L&T acquires additional 2% stake in Mindtree via open market purchase; takes total holding to 25.9%
The infrastructure major is in fray to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore — marking the country's first-ever hostile takeover bid in the IT industry.
- The Indian Express•17 days ago
L&T acquires 33 lakh shares of Mindtree; its stake now up at 25.9%
Shares of Mindtree closed 0.19 per cent down at Rs 978.60 per share on Thursday at the BSE. L&T is in the midst of acquiring a majority stake in Mindtree, which the promoters of the latter are opposed to.
- Financial Express•17 days ago
L&T acquires crucial 25.9% stake in Mindtree, will buy remaining 9% from market
Over the last few days, the engineering major L&T has been busy acquiring shares of Mindtree from the open market.
- Free Press Journal•25 days ago
Larsen & Toubro buys Mindtree stake worth Rs 3,210 crore
Infratsructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
- India Today•26 days ago
L&T acquires VG Siddhartha's 20% stake in Mindtree, seeks shareholder meet
On Tuesday, L&T acquired around 3.27 crore Mindtree shares, or almost 20 per cent of the stake, at Rs 980 per share (for a total of Rs 3,211 crore) from Siddhartha and Coffee Day Enterprises through block deals
- Firstpost•26 days ago
L&T concludes 20% stake purchase in Mindtree, will call for shareholders' meeting on 'governance and inclusion'
L&T has placed orders to mop up an additional 15 percent from the market and is expected to cross 26 percent shareholding in one week
- Financial Express•last month
Mindtree board proposes special dividend of Rs 20/share amid L&T takeover bid
Ahead of a potential takeover of the company by L&T, Mindtree’s board on Wednesday proposed to pay a special dividend of `20 per share translating into a total payout of over Rs 320 crore to its shareholders, including promoters.
- The Indian Express•last month
Mindtree board proposes special dividend of Rs 20 per share; may cost firm Rs 320 crore
Mindtree will, however, seek the approval for its proposal at the forthcoming annual general meeting likely to take place in June or July, but there will be no extraordinary general meeting for the same.
- Free Press Journal•last month
Mindtree Q4 net up 8.9 pc at Rs 198.4 crore
Mid-sized IT firm Mindtree Wednesday said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.
- Financial Express•last month
Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore
The EBITDA margin went down by 0.7% Q-o-Q to 15.2%, which also represents a 0.9% drop Y-o-Y, but the net profit margin grew 0.1% Q-o-Q to 10.8%.
- India Today•last month
Mindtree Q4 net profit up 9% at Rs 198 crore; board recommends special dividend of Rs 20 per share
In dollar terms, Mindtree's revenue jumped 15.80 per cent YoY to USD 262 million, while net profit increased merely by 0.3 per cent to USD 28.2 million
- Financial Express•last month
Bonanza for shareholders: Mindtree declares special dividend of Rs 20 amid L&T takeover bid; lists 2 reasons
Mid-sized IT firm Mindtree, which is facing a hostile takeover bid by infrastructure giant L&T, on Wednesday, announced a special dividend of Rs 20 per share in its Q4 results.
- Free Press Journal•last month
Mindtree Q4 net zooms up 8.9 pc; declares special dividend of 200 pc
Mid-sized IT firm Mindtree on Wednesday said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.
- Financial Express•last month
This thing called culture: How Mindtree built a successful business based on principles
Culture is primarily rooted in feelings; many may say it has no significant role in the world of money, and doesn’t show up as a balance sheet item. Yet tampering with culture can severely hurt any balance sheet.
- GoodReturns•2 months ago
CCI Approves L&T's 66% Stake Acquisition Proposal In Mindtree
On Friday, the Competition Commission of India (CCI) approved L&T's proposed acquisition of 66.15 percent stake in Mindtree. On the social media platform Twitter, CCI said, "@CCI_India approves acquisition of up to 66.15% of the total equity shareholding of Mindtree Limited,
- Financial Express•2 months ago
Larsen & Toubro Rating| Buy — Capital allocation to invite scrutiny
However, we believe any move contrary to having a leaner B/S from now on can lead to a sustained de-rating.
- The Quint•2 months ago
Mindtree Board Evaluating ‘Several Options’ to Stave off L&T Bid
Promoter Krishnakumar Natarajan who opposed L&T offer asserted that independence of Mindtree is important.
- Free Press Journal•2 months ago
Mindtree drops buyback plan after Larson and Toubro open offer
Global software major Mindtree on Tuesday has decided not to proceed with its proposal to buy back shares after infrastructure major Larson and Toubro (L&T) made an open offer to acquire 31 per cent of equity capital for Rs 5,030 crore.
