The transactions were carried out by Krishnakumar N, wife Akila Krishnakumar and son Siddarth in multiple tranches between September 15-23, Mindtree said in a regulatory filing on Saturday
Founders had requested for the reclassification in July last year after L&T took over the Bengaluru-based firm
Mindtree Executive Chairman Krishnakumar Natarajan told Debasis Mohapatra that Siddhartha would not harm the company
Mindtree is going to be a billion-dollar (revenue) firm in next three quarters
Also, Coffee Day Group founder V G Siddhartha resigns from Board of Directors