Friday 26 February 2016

MindTree completes deal with Magnet 360

Mindtree Ltd is currently trading at Rs. 1433.4, down by Rs. 3.8 or 0.26% from its previous closing of Rs. 1437.2 on the BSE.


With reference to the earlier letter dated January 18, 2016, MindTree Ltd has announced the Company has completed the necessary closing conditions with respect to the acquisition of entire membership interest in Magnet 360 LLC, USA.

Mindtree Ltd is currently trading at Rs. 1433.4, down by Rs. 3.8 or 0.26% from its previous closing of Rs. 1437.2 on the BSE.

The scrip opened at Rs. 1446 and has touched a high and low of Rs. 1462.9 and Rs. 1427.25 respectively. So far 21399(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12057.11 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1605 on 24-Sep-2015 and a 52 week low of Rs. 1154.4 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 1484 and Rs. 1401.5 respectively.

The promoters holding in the company stood at 13.75 % while Institutions and Non-Institutions held 51.15 % and 35.09 % respectively.

The stock is currently trading above its 100 DMA.

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