Mindtree board will meet next week to decide on share buyback

The board of Mindtree, which Wednesday deferred a decision on share buyback, will meet again on March 26 even as it faces a Rs 10,800-crore hostile takeover bid from L&T.

The board of the IT company had met on Wednesday too, but no decision was taken on the agenda item at hand – the proposed buyback of equity shares – and the firm had informed the stock exchange that the meeting has been adjourned to a future date.

In a fresh filing on BSE Thursday, Mindtree said, “This is to inform that the adjourned board meeting is scheduled to be held on Tuesday, March 26, 2019”.