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

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

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.

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...

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

There is hardly any upside left for Mindtree, said A K Prabhakar, IDBI Capital.

The founders’ bloc has been pursuing a deal with Baring PE to see that shares change hands to a friendly investor.

The move comes amidst reports that L&T Infotech is in final stages of launching a takeover attempt.

Mindtree will buy back up to 43.2 lakh shares, comprising 2.5% of the total paid up equity share capital.

The move comes at a time when Indian IT firms are opening up their coffers to return surplus cash on their books to shareholders.

With this, Mindtree joins the list of companies like TCS, Infosys, HCL, amongst others that have or are considering buyback to boost shareh...

Mindtree had previously mentioned that it was looking to boost shareholder value through means other than dividends. “But buybacks has its ...