Mindtree Consulting acquisition

MindTree Consulting Ltd has informed that the Company had signed a Definitive Agreement dated November 14, 2007 with shareholders of TES PV Electronic Solutions Pvt Ltd ("TES PV"), for acquisition of 100% shares in the said Company.

Further the Company has informed that, the Company has completed the process of acquiring TES PV Electronic Solutions Pvt. Ltd on December 17, 2007. Consequently, TES PV Electronic Solutions Pvt. Ltd has become 100% subsidiary of the Company.