MindTree

BSE Announcements on MindTree

Posted by : MMB Messenger
Price when posted : [MindTree - BSE:Rs. 305.00 NSE:Rs. 308.40 when posted]

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MindTree Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 26, 2008, inter alia, has approved the Scheme of Amalgamation of Aztecsoft Ltd with the Company.

The Board has approved the swap ratio as recommended by Pricewaterhouse Coopers Pvt Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investors Services Ltd, Category I Merchant Bankers.

The Swap Ratio approved by the Board is :

"2 (two) equity share of MindTree Ld of Rs 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares of Rs 3/- each of Aztecsoft Ltd."

...

NSE Announcements on MindTree

Posted by : MMB Messenger
Price when posted : [MindTree - BSE:Rs. 302.40 NSE:Rs. 312.40 when posted]

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Mindtree Limited has informed the Exchange that the Board of Directors at their meeting held on September 26, 2008 have approved the Scheme of Amalgamation of Aztecsoft Limited with the company. The Board has approved the swap ratio as recommended by PricewaterhouseCoopers Pvt. Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investor Services Ltd, Category I Merchant Bankers. The Swap Ratio approved by the Board is "2 (two) equity share of MindTree Limited of Rs. 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares of Rs. 3/- each of Aztecsoft Limited"....

Mindtree -- Board Oks Merger Of Aztecsoft With Itself

Posted by : zoombusiness
Price when posted : BSE: Rs 303.25 ( -2.16 % ), NSE: Rs. 295.50 ( -4.78 % )

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Mindtree Says Board Oks Merger Of Aztecsoft With Itself...

Buy short term target of 425

Posted by : Guest
Price when posted : BSE: Rs 309.95 ( -1.59 % ), NSE: Rs. 310.35 ( -1.55 % )

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hi,
Looking at fundamental of this company one can enter this stock at current price around 305. this stock will reach 400 + by this year end as the coming quater result would be definately outstanding and above expectation. As from now onwards the company will declare the result comibing both Aztec and mindtree it is going to be a good. Initally it might affect the groth but long term story if really good....

Good lesson for Mindtree & HCL Tech

Posted by : Guest
Price when posted : BSE: Rs 311.00 ( -1.25 % ), NSE: Rs. 312.00 ( -1.03 % )

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Being the share holder of this company with the heavy heart I would like to say that Both MindTree & HCL Tech have learned on good lesson about hedging against dollar or I would correct it by saying speculating the currency.

I personnaly do not understand why company like this has good track of record is concentrating more on external factor like exchange rate?..since they do not have any expertise in this fields they went on blind call..as s share holder we are loosing money every day...and looks like this whole year this comany can not report single penny as profit because of the heavy gambling the company peop0le have paid...I hope this move is accepted in BODs meeting..?
Another starnge move is that all the promoters except Mr.Soota have sold good chunk of stoks in the last quarter & anicipating these developments..?
There is lot many questions like this needs to answered by CFO..
I even saw the interview of Mr.K.K in TV18 about the delivering what they have promised..Nothing seems to be in synch what they say and what higher management practice..are are 100% base less..I strongly feel that all the top managment should take at least 50% pay cut as the moral responsibility to boost the situation and I don\\`t think this will have any impact in their activity as they have already sold good number of stoks in the open market. I write this statement not with angry mood but with heavy heart....