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MINDTREE PROMOTERS
Mindtree founders will stay on to stabilise companyFounders Natarajan, Parthasarathy and Ravanan have promised to stay on and help with the transition.- L&T becomes Mindtree's promoter with 60.06% stakeL&T was holding 9,87,79,179 equity shares in Mindtree as of July 2, 2019.
- Mindtree promoters skip tendering shares in open offerThe open offer that ended on Friday got a response of 116% or more than the 51.3 million shares that L&T expected.
- Mind completely occupied with Mindtree acquisition; will make it a big firm: A M NaikL&T will launch the open offer to buy additional stake in Mindtree in around 10 days, Naik said.
- L&T buys 8.86 lakh Mindtree shares, increases holding to 26.48%The company on Thursday picked up 886,438 equity shares from the open market.
- Mindtree panel ropes in Khaitan and Co, ICICI Securities as advisorsMindtree formed the panel of independent directors under Purohit to look into "unsolicited open offer" by L&T.
- Mindtree board evaluating 'several options' to stave off L&T bid, says Executive Chairman Krishnakumar NatarajanNatarajan, one of the company's promoters who had opposed L&T offer, said there is nothing about individuals.
- Not a lost battle yet: With peace offer, a Mindtree co-founder hopes to turn the tideKrishnakumar Natarajan said Mindtree was open to reaching a 'middle ground' with L&T by way of a talk.
- Krishnakumar Natarajan can stay on as Mindtree chairman: AM NaikEven as Mindtree founders continue to resist deal, L&T chairman says his company is open for talks with the promoters to clarify all their ...
- Is Team Mindtree coming to terms with L&T reality? What can happen nowOn its part, L&T has ruled out a merger, but that’s only “for the time being”.
- Why us, why don't you build your own IT firm: Mindtree's poser to L&TMindtree promoters have termed L&T's hostile bid as unprecedented and unexplainable.
- It may be end of the road for Mindtree promoters: Experts say no option leftThe Mindtree management has so far maintained that it would keep opposing ‘hostile’ takeover bid.
- Consider L&T Offer, Mindtree board tells promoter groupSome directors advise founders of IT giant Mindtree to negotiate a higher price; buyback decision deferred.
- We are not corporate raiders, says L&T CEOCoffee Day founder Siddhartha sold his entire 20.32% stake in Mindtree to L&T for Rs 3,269 crore on Monday.
- L&T’s new tactic in Mindtree war: Charm offensiveMindtree board to meet today, discuss share buyback that is under threat after L&T’s open offer.
- L&T says Mindtree stake buy just an investment, asks other promoters to be rationalSubrahmanyan says L&T intends to provide some guidance to Mindtree.
- Some Mindtree promoters want to exit: AM Naik, L&TMindtree promoters only have Rs 1,000 crore cash. With that, they will get 3.5-4%, says Naik.
- Mindtree promoters condemn hostile takeover, remain opposed to L&T takeover bidHere is the promoters’ statement that outlines potential negative consequences to corporate culture.
- Coffee Day will take 'required action' to get attached Mindtree shares released by I-T deptThe I-T department has attached a portion of shares held by Siddhartha and Coffee Day Enterprises Ltd in IT firm Mindtree over a potential ...
- Mindtree Chairman gifts one-third shares to wifeMindtree Chairman has gifted one-third of his IT firm's shares, worth about Rs 106.2, to his wife Susmita Bagchi.
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