MindTree falls 4% as company scraps share buyback plan
Snapping two-day gaining streak, shares of Mindtree tumbled 4 per cent on Wednesday following the board's decision to not proceed with the proposed buyback of equity shares. The share of Mindtree Ltd. tumbled down to a low of Rs 911, a 39.55 points or 4 per cent slide against the previous close on Bombay Stock Exchange. The stock fell 2 per cent to the day's low at Rs.931.00 on NSE.
Last Updated: March 27, 2019 | 15:27 IST
Mindtree board on Tuesday decided not to pursue the buyback offer.