Mindtree announces total dividend of Rs 27 amid L&T’s takeover bid

Facing hostile takeover bid by Larsen & Toubro (L&T), midcap IT firm MindtreeNSE 0.94 % on Wednesday announced a total dividend of Rs 27 per share.

The board of directors today declared an interim dividend of Rs 3 per share on the face value of Rs 10 each. The company fixed April 27 as record date for payment of the interim dividend.

Mindtree also recommended a final dividend of Rs 4 per share for financial year ended March 31 and a special dividend of Rs 20 per share (200 per cent face value of Rs 10) to celebrate the twin achievements of exceeding $1 billion annual revenue milestone in a fiscal and 20th anniversary of the company.