Nalanda India Capital, a Singapore based investment fund run by Pulak
Prasad, has bought more than seven lakh shares in IT services firm
MindTree from Walden International. The transaction, valued at Rs 15.6
crore, happened through the bulk deal route on the Bombay Stock
Exchange. The deal translates to an almost 2% stake in the company.
Data from the bourse shows Nalanda bought 7, 40,469 shares of MindTree
at Rs 211.96 apiece. Of this, venture capital firm Walden International
sold 7.35 lakh shares. The sellers of the remaining shares could not be
determined immediately. Walden still has a 15.8% stake in MindTree,
after the deal. While a MindTree official did not wish to comment,
Nalanda Capital officials were not reachable. Nalanda Capital, which
raised Rs 1,600 crore a couple of years back, has previously bought
shares in Mastek Global, Carborundrum Universal, Triveni Engineering,
Kirloskar Engines and Sun TV through this route.
In a stride towards stabilizing and boosting economy the Finance Minister Nirmala Sitharaman introduced a new strategy to refund duties and taxes on exports, simple export credit and extra fund More
Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion More