Mindtree chairman Krishnakumar Natarajan sells 0.25% stake for Rs 324.5 mn

Also, Coffee Day Group founder V G Siddhartha resigns from Board of Directors

Mid-size IT services company Mindtree on Thursday said that its co-founder and executive chairman Krishnakumar Natarajan and his family have sold 400,000 equity shares in the Bengaluru-based company for around Rs 324.5 million in an open market transaction.

As of the quarter ending December 2017, Natarajan and his family, including his wife Akila Krishnakumar, held 8,627,887 shares or about 5.27% in Mindtree. With this transaction, his shareholding in the company will come down to about 5.02%.
 

In a statement issued late on Thursday Mindtree confirmed the development. "Mindtree confirms that its Executive Chairman Mr. Krishnakumar Natarajan has sold some shares