L&T will launch the open offer to buy additional stake in Mindtree in around 10 days, Naik said.

The company on Thursday picked up 886,438 equity shares from the open market.

Mindtree formed the panel of independent directors under Purohit to look into "unsolicited open offer" by L&T.

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

Krishnakumar Natarajan said Mindtree was open to reaching a 'middle ground' with L&T by way of a talk.

Even as Mindtree founders continue to resist deal, L&T chairman says his company is open for talks with the promoters to clarify all their ...

On its part, L&T has ruled out a merger, but that’s only “for the time being”.

L&T is expected to release detailed public statement tomorrow to explain logic behind its bid.

Mindtree promoters have termed L&T's hostile bid as unprecedented and unexplainable.

The Mindtree management has so far maintained that it would keep opposing ‘hostile’ takeover bid.

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

Coffee Day founder Siddhartha sold his entire 20.32% stake in Mindtree to L&T for Rs 3,269 crore on Monday.

Mindtree board to meet today, discuss share buyback that is under threat after L&T’s open offer.

Subrahmanyan says L&T intends to provide some guidance to Mindtree.

Mindtree promoters only have Rs 1,000 crore cash. With that, they will get 3.5-4%, says Naik.

Here is the promoters’ statement that outlines potential negative consequences to corporate culture.

The I-T department has attached a portion of shares held by Siddhartha and Coffee Day Enterprises Ltd in IT firm Mindtree over a potential ...