Analysis: Mindtree stake sale is turning out to be a thriller
Updated : January 28, 2019 10:48 AM IST
The focus in recent days has been on the impending stake sale of its largest shareholder VG Siddhartha and his group Coffee Day.
The Income Tax department has attached Siddhartha’s and Coffee Day's shares, amounting to 4.5 percent of Mindtree, citing potential claims on an ongoing assessment, according to the company.
The I-T department action has triggered speculation that the stake sale may be delayed, though sources familiar with the deal say it is on track.