Promoters stake sale not on cards, says management. :
Mid-tier IT services firm, Mindtree on Wednesday crossed $250 million revenue milestone in the third quarter of the ongoing fiscal year. In another development, the management team dismissed rumours around stake sale plan by the founders. Market is abuzz with impending stake sale by Cafe Coffee Day owner and Mindtree's single largest investor VG Siddhartha, who holds close to 21 per cent stake in the company through his various entities. He is learnt to be evaluating options to offload his stake to private equity investors.