Mindtree is trading higher by 3% at Rs 1,185, extending its nearly 6% rally in past two days after the foreign investor, FID Fund Mauritius purchase the company’s shares through open market.
The stock opened at Rs 1,145 and touched a record high of Rs 1,192 on NSE. A combined 38,342 shares change hands on the counter so far on NSE and BSE.
On Friday, FID Fund Mauritius bought 295,129 equity shares of MindTree at Rs 1,074.99 per share through a block deal, the BSE data shows.
The foreign investor might purchase these shares from V G Siddhartha, chairman of Coffee Day Group, who had sold 6,00,000 shares (1.5%) in Mindtree for about Rs 65 crore.
In a regulatory filing, Siddhartha and his group company, Coffee Day Resorts, said on September 20, they had sold 4,00,000 and 2,00,000 Mindtree shares, respectively, through the open market.
As on June 30, Siddhartha and his group companies held 21% stake in the information technology company.
The stock opened at Rs 1,145 and touched a record high of Rs 1,192 on NSE. A combined 38,342 shares change hands on the counter so far on NSE and BSE.
On Friday, FID Fund Mauritius bought 295,129 equity shares of MindTree at Rs 1,074.99 per share through a block deal, the BSE data shows.
The foreign investor might purchase these shares from V G Siddhartha, chairman of Coffee Day Group, who had sold 6,00,000 shares (1.5%) in Mindtree for about Rs 65 crore.
In a regulatory filing, Siddhartha and his group company, Coffee Day Resorts, said on September 20, they had sold 4,00,000 and 2,00,000 Mindtree shares, respectively, through the open market.
As on June 30, Siddhartha and his group companies held 21% stake in the information technology company.
