Mauritius-based fund house raises stake in MindTree to 5.26%
Mauritius-based Nalanda India Fund Ltd has increased its stake in IT consultancy services provider MindTree Ltd to 5.32 per cent for over Rs 8.94 crore.
By PTI |
MUMBAI: Mauritius-based Nalanda India Fund Ltd has increased its stake in IT consultancy services provider MindTree Ltd to 5.32 per cent for over Rs 8.94 crore.
Foreign-based fund house acquired 1.35 lakh equity shares of the firm operating in IT services and research and development services enabling faster product realization in the areas of hardware design and embedded software, MindTree said in a filing with the Bombay Stock Exchange.
Nalanda India Fund bought 1,35,000 equity shares, representing 0.34 per cent of the total paid up equity capital of the company for over Rs 8.94 crore through Enam Securities Pvt Ltd, it said.
The fund house picked up equity shares from the open market on December 3.
Prior to this latest acquisition, Nalanda India Fund owned over 4.98 per cent stake in MindTree.
Shares of MindTree closed at Rs 681.35, up 3.53 per cent from the previous close on the BSE
Foreign-based fund house acquired 1.35 lakh equity shares of the firm operating in IT services and research and development services enabling faster product realization in the areas of hardware design and embedded software, MindTree said in a filing with the Bombay Stock Exchange.
Nalanda India Fund bought 1,35,000 equity shares, representing 0.34 per cent of the total paid up equity capital of the company for over Rs 8.94 crore through Enam Securities Pvt Ltd, it said.
The fund house picked up equity shares from the open market on December 3.
Prior to this latest acquisition, Nalanda India Fund owned over 4.98 per cent stake in MindTree.
Shares of MindTree closed at Rs 681.35, up 3.53 per cent from the previous close on the BSE
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