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WHY MINDTREE CO-PROMOTOR & HIS FAMILY SOLD STAKE ?

L&T which acquired majority share in Mindtree a year ago, had 61.08 percent shareholding toward the finish of June 2020 quarter.

Mindtree prime supporter Krishnakumar Natarajan and his family have sold over 4.66 lakh portions of the organization, decreasing their consolidated shareholding to 2.01 percent. The exchanges were completed by Krishnakumar N, spouse Akila Krishnakumar and child Siddarth in different tranches between September 15-23, Mindtree said in an administrative recording .

This diminished their joined shareholding from 2.29 percent to 2.01 percent.

Prior this month, another administrative recording had expressed that Natarajan and his family had sold more than 42 lakh portions of the organization in numerous tranches between April 30 and September 14 that had diminished their consolidated shareholding to 2.29 percent

Krishnakumar Natarajan, who held 1.96 percent share, sold about 2.85 lakh shares, the recording said.

Post the exchange, his shareholding diminished to about 1.79 percent. Akila sold about 1.32 lakh shares between September 15-21, cutting down her holding from 0.19 percent to 0.11 percent.

Siddarth Krishna Kumar sold 49,405 offers and purchased 1,000 offers, carrying his most recent shareholding to 0.10 percent

The offers were sold and bought in the open market, the recording said.

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