MindTree to raise funds through debt and equity

MindTree Ltd has announced that the Board of Directors have in principle decided to raise a sum of USD 100 million by way of debt. The Board of Directors have also in principle approved the raising of equity by issuing 15% of the current issued capital.

Further the Company has noted that, such raising of debt and equity are subject to applicable legal and statutory compliance as well as market conditions.

The stock closed the day at Rs.535, down by Rs.0.85 or 0.16%. The stock hit an intraday high of Rs.545.25 and low of Rs.530.

The total traded quantity was 7021 compared to 2 week average of 27732.

Source : Equity Bulls

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