SOURCE: MindTree


December 31, 2013 09:30 ET

Mindtree Announces Stock Transfer by Chairman for Estate Planning Purposes

BANGALORE, INDIA--(Marketwired - Dec 31, 2013) - Mindtree announced to the stock exchanges today that Chairman Subroto Bagchi has gifted one-third of his shareholding in Mindtree Limited to his spouse Susmita Bagchi. This is purely a personal arrangement for estate planning and does not in any way change his professional capacity as Chairman of Mindtree Limited. This transfer also does not cause any change in the shareholding belonging to the category "Promoter and Promoter Group."

About Mindtree
Mindtree is a global information technology solutions company with revenues of over USD 435 million. Our experts are driven to engineer meaningful technology solutions to help businesses and societies flourish.

Mindtree's consulting-driven approach makes us a strategic partner to many Fortune 500 enterprises. Our domain expertise, unique culture and technical excellence help businesses thrive and be future-ready. We enable our customers to achieve competitive advantage through flexible and next generation global delivery models, agile methodologies and expert frameworks.

Mindtree's ability to devise solutions is equally matched by our ability to execute them. Our differentiation stems from a unique balance of human perspective with deep strategic thinking.

Our values -- collaborative spirit, unrelenting dedication and expert thinking help us see possibilities where others see a full stop.

Welcome to possible.

Safe harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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