Wednesday, June 20, 2012

MINDTREE; WHAT'S BREWING??









  • In a block deal on the BSE on 18/6/2012, Venture Capital firm WALDEN INVESTMENTS exited MINDTREE CONSULTING by selling its 4.82% stake in  an open Market transaction at Rs 610 per share.
  • More importantly, the stake was bought by CAFE COFFEE DAY founder VG SIDDHARTHA, thereby raising his holdings in MINDTREE  from 17.79% to 21.56%.
  • The above action could be just another investment for the savvy CCD founder or could it mean another takeover bid in the offing?!!!. Moreso with the stake inching ever so close to the 25% mark, the stock could soon be in the limelight as retail warms up to the idea of a possible open offer.

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