IT Firm Mindtree Gets Shareholders’ Nod To Raise Up To $1 Billion

Bangalore-based IT firm Mindtree has received its shareholders’ nod to raise up to $1 billion (about Rs 6,000 crore). The shareholders have also authorised the company’s board to sell, lease or mortgage its properties to raise capital. The shareholders approved these proposals through postal ballots.

Mindtree has also been authorised to ‘sell, lease, mortgage or otherwise dispose of the moveable and immoveable properties of the company.”

The company has also got the go-ahead from shareholders to increase its share capital.