Ashok Soota, previous CMD of IT company MindTree, assured in an interview with CNBC-TV18 that he was going to sell off 5.5% of its stake to an information technology company but he did not reveal about the buyers of the stake and the amount at which the stakes were sold.

In a word to word interview with Ekta Batra and Reema Tendulkar, he was asked about the whereabouts of the buyers and emphasized on the aspect that the deal was made at a 20% of the premium quiet close to the end of the stock market the last day. Mr. Soota had sold 11% stake in the company through a block deal.

The 22 lakh shares constitute 5.49% stake in MindTree. The deal was done at Rs. 428 per share, which is at 18.58% premium on Wednesday's closing price of Rs. 361. The CFO of MindTree Consulting Ltd, Rostow Ravanan, revealed that the stake was sold to Global Technology Ventures. This company had helped the company with funds 12 years back and the deal was made in confidence mode. As per the spokesperson of the company, the deal was made because of the faith of its investors.