MindTree surgres on wireless biz restructuring plans

Shares of MindTree surged higher after the company announced it plans to convert wireless products business into a design service business. The restructuring cost would be approximately around $3.6-3.9 million. No further costs are expected to be incurred in future of the restructuring efforts.

The stock was at Rs 544.20, up 6.94 per cent on the BSE. It touched a high of Rs 552.95 and low of Rs 521 in trade so far.