Corporate houses, mutual funds raise exposure to Mindtree in Q4

Holdings of foreign portfolio investors dip

While Mindtree was busy fighting the takeover bid from L&T, some corporate houses, domestic mutual funds (MFs), and even some foreign institutional investors increased their stakes in the IT services firm.

According to the shareholding pattern disclosures filed by the Bengaluru-headquartered IT firm, corporate houses hiked their exposure by close to 4 per cent at 23.41 per cent by the end of March quarter, against 19.53 per cent reported in the December quarter. Details of these entities were not available as they didn't cross the 1 per cent shareholding threshold for mandatory disclosure. Domestic MFs also increased their holding. These