Stock Market News

Mindtree plunges 14% as top management resigns

Mindtree shares fell 14 percent intraday on July 8 as leaders in management resigned after Larsen & Toubro acquired a controlling stake in the company.

“Krishnakumar Natarajan, Executive Chairman, N S Parthasarathy, Executive Vice Chairman and Chief Operating Officer and Rostow Ravanan, CEO and Managing Director have submitted their resignations as members of the board of directors and as employees of the company,” the technology services and digital transformation company said in its BSE filing on July 5.

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