Founders Natarajan, Parthasarathy and Ravanan have promised to stay on and help with the transition.

The move follows the construction major acquiring over 60 per cent stake in the Bengaluru-based IT company.

This month, L&T became the new promoter of Mindtree after acquiring 60.06 per cent stake.

Krishnakumar Natarajan, NS Parthasarathy & Rostow Ravanan resigned from board and executive roles.

L&T can only appoint independent directors as long it isn’t categorised as promoter.

Mindtree board has appointed a panel of independent directors, led by Apurva Purohit, to review L&T’s open offer .

Natarajan, one of the company's promoters who had opposed L&T offer, said there is nothing about individuals.

L&T on Tuesday made an open offer to acquire a 31 per cent stake in Mindtree for Rs 5,030 crore.

Mindtree’s independent directors have voiced their concerns about the board not having a “collective and informed stand” on what is seen as...

L&T will share details of its open offer to IT firm’s shareholders on the same day.

L&T will share details of its open offer to IT firm’s shareholders on the same day.

Some directors advise founders of IT giant Mindtree to negotiate a higher price; buyback decision deferred.

The Mindtree board will meet because the company has already notified the exchanges.

L&T has appointed Axis Capital and Citigroup Global Markets as managers for the open offer through which it aims to acquire 31% shares in M...

The Rs 3,269 crore deal was signed on Monday night and gives the Cafe Coffee day founder an exit.

In his letter to the Mindtree board, Siddhartha said he wanted to be relieved of the board position so that he could devote more time to th...

International IT and R and D services company, MindTree Consulting on Thursday announced the expansion of its Board of Directors with the i...