SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 20 Mar, 2019  

mindtree.thmb.jpg Mindtree board defers decision on buyback of shares

Mindtree.New.Logo.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 20 Mar, 2019
IT services firm Mindtree's board on Wednesday deferred its decision on the proposed buyback of shares to a later unspecified date.

"The board considered the proposed buyback of equity shares of the company at its meeting. Following detailed discussions, the meeting has been adjourned to a future date," the city-based company said in a BSE filing.

"No decision has been taken in relation to the proposed buyback of equity shares," the firm said.

The details of when the next board meeting will be held were not disclosed.

The board meeting on Wednesday came in the backdrop of diversified conglomerate Larsen and Toubro Ltd's (L&T) bid to take it over.

The L&T on Monday bought a 20.4 per cent stake in Mindtree from Cafe Coffee Day founder V.G. Siddhartha for about Rs 3,300 crore.

The company had said it would also buy additional stake in Mindtree through an open offer.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter