Page 3 - Mindtree

L&T Infotech, Mindtree slide up to 5% after merger announcement

Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.

Mega merger: LTIMindtree to join the big league with scale and ambition

Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree

Top headlines: RIL posts 22% jump in Q4 net, Mindtree & LTI announce merger

The Boards of Directors of Mindtree and LTI approved the merger of both these independently listed IT services companies under the Larsen & Toubro Group.

L&T Infotech and Mindtree merger to start on strong foundation: Analysts

L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.

Mindtree shares pare early gains; tumble nearly 9% on profit-taking

In early trade, the stock had climbed 3% after the company registered a 49.1% jump in consolidated net profit in the fourth quarter of FY22

Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

L&T Infotech and Mindtree to merge to create $22-bn firm: Report

The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units, could consider share swap ratios.

L&T Infotech, Mindtree may be merged to create $22-billion firm

For L&T, this merger ties in with the group's vision of becoming more services-oriented

Mindtree Q4 net profit rises 49%, firm declares dividend of Rs 27/share

Revenue rose 37% to Rs 2,897 crore

Mindtree net profit jumps 49% YoY in Q4; revenue up 37.4% to Rs 2,897 crore

The Mindtree management declined to comment on reports of a likely merger with group company Larsen & Toubro Infotech.

Mindtree starts return programme for techies on minimum two-year break

The programme is open to all professionals looking to return to the workforce, the majority of them are expected to be women.

Mindtree: Q3 and guidance strong, but high attrition remains a concern

Valuation at 38x estimated FY23 earnings for last year's top IT stock performer leaves little room for disappointment

In FY23, our fresher hiring will be 40-50% more than FY22: Mindtree CEO

'Our story about profitable growth has been fairly consistent. This is the fourth quarter of 5% plus sequential growth in constant currency,' says Debashis Chatterjee

Mindtree dips 6% on profit booking post December quarter results

As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.

Stocks to Watch: Mindtree, HCL Tech, BPCL, Ujjivan SFB, HDFC Bk, Adani grp

HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.

Mindtree Q3 profit up 34% YoY to Rs 438 cr, rises 9.7% sequentially

Attrition for the quarter rose to 21.9%, from 17.7% the preceding quarter

Sensex ends choppy day 85 pts up; Wipro sinks 6%; Nifty Metal rallies 3.5%

Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent

Mindtree, Coforge: These IT stocks look good on charts despite correction

Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels

Sebi fines 2 persons for violating insider trading norms in Mindtree case

Markets regulator Sebi on Thursday penalised two persons for violating insider trading norms with respect to shares of Mindtree Ltd. Through two separate orders, the watchdog imposed a fine of Rs 1 lakh each on Uday Kiran Lingamaneni and Virat Kumar Yerramalla, who were employees of Mindtree at the time of violation. Sebi noted that Lingamaneni and Yerramalla had transacted in the scrip of the company on multiple occasions, including during the investigation period (January-March 2019). It was further observed that both had traded in excess of Rs 10 lakh in the scrip during the period. However, they did not disclose about their respective transactions to the company as required under the insider trading norms. Lingamaneni had executed three transactions worth Rs 68.18 lakh during January-March 2019 period while Yerramalla had executed five transactions with the total traded value of Rs 57.96 lakh, the orders noted. The allegation that the noticees have violated PIT (Prohibition

Our order book has been impressive at $360 million: Mindtree MD & CEO

Debashis Chatterjee discusses the strategies that have worked and the road ahead