Incorporated in 1991, Mindteck is an engineering and technology solutions company. The company serves a top-tier Fortune 1000 clientele, start-ups, leading universities, and government entities around the globe. The company offers services such as Test Automation, Software Product Testing, System and Integration Testing, New Product Engineering, Product Maintenance, Product Re-engineering, Local and remote IT support services, SLA Based Delivery, Service Delivery Process, Incident Response & Resolution, Systems Integration, IT Staff Augmentation and Onsite, offsite and offshore engagements and delivery models tailored to meet a specific set of implementation requirements.
Mindteck (india) Ltd. Stock Quote & Charts
143.95
1.30 (0.91%)
- Open: 145.5
- High – Low: 148 – 142.75
- Previous Close: 142.65
- Total Traded Value: 34832
- Updated On: 8/24/2022 4:00 PM
Mindteck India Buyback Detail
| Issue Period | |
| Security Name | Mindteck (India) Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹13.70 Crores |
| Buyback Price | ₹180 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials
| Period Ended | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|
| 31-Mar-20 | 277.88 | -64.8 | 129.63 |
| 31-Mar-21 | 291.27 | 10.86 | 139.85 |
| 31-Mar-22 | 303.85 | 33.31 | 175.5 |
| Amount in ₹ Crore |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 146.2 | 101.55 | 120.92 |
| Jun-2022 | 129.9 | 96.3 | 112.22 |
| May-2022 | 156.25 | 111.25 | 135.18 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jul-2022 | 145.6 | 101.25 | 120.8 |
| Jun-2022 | 128.7 | 95.5 | 112.2 |
| May-2022 | 156 | 111 | 134.99 |
Necessity of the Issue
The buyback is being undertaken for the following reason:
1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders.
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Company Contact Information
Mindteck (India) Limited
A.M.R. Tech Park,
Block 1, 3rd Floor, No. 664, 23/24,
Hosur Main Road, Bommanahalli, Bengaluru – 56006
Phone: +91 80 4154 8000
Email: cs.legal@mindteck.com
Website: https://www.mindteck.com/