MindTree gains on share buyback plan

The board will meet on June 28, to consider a share buyback proposal.

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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai

Last Updated : Jun 23 2017 | 10:02 AM IST

MindTree was up 3% to Rs 535 on the BSE in early morning trade after IT consulting & software services provider said that its board will meet on June 28, to consider a share buyback proposal.

“A meeting of the board of directors of the Company will be held on June 28, 2017 to inter-alia, consider the proposal to buyback the fully paid-up equity shares of the Company,” MindTree said in a regulatory filing.

Thus far in the calendar year 2017, the stock had underperformed the market and remained flat as compared to 17.5% rise in the benchmark

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