MindTree, IT solutions and product engineering services company, announce the allotment of 8,449 equity shares of Rs 10 each, under various ESOP Plans and 9,254 equity shares of Rs 10 each, under Mind tree Employee Restricted Stock Purchase Plan 2012.
The stock had underperformed the market over the past one month till Mar. 14, 2014, rising 0.17% compared with the Sensex's 7.08% rise. It underperformed the market in past one quarter, declining 7.81% as against 5.28% rise in the Sensex.
Shares of the company declined Rs 14.7, or 1%, to settle at Rs 1,455.15. The total volume of shares traded was 3,152 at the BSE (Tuesday).