A rough calculation showed that the company spent close to Rs 2.43 crore for these transaction.

L&T, which has been pursuing a hostile takeover of Mindtree, has expressed its intent to ramp up its shareholding up to 66 per cent.

The mode of the acquisition was open market purchases.

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

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

“This is no hostile bid. The shareholder approached L&T first,—how can that be hostile ?" said L&T boss AM Naik.

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

If the process drags on and generates substantial bad press, it can affect future growth of the company, says Everest Research CEO.

Industry executives said that the company hopes to repeat the success of IVRCL a few years ago which avoided a hostile takeover by Essel Gr...

The brokerage firm added that the combined entity will have trailing 12-month (TTM) revenue of $837 million in BFSI.

The deal fulfils L&T’s long-cherished ambition for such an acquisition after its high profile, but unsuccessful attempt to acquire former s...

Mindtree management believes that the deal would be value destructive for its investors.

L&T signed a deal with Café Coffee Day founder VG Siddhartha to buy his 21% stake in Mindtree.

Several tweets came from accounts that were previously dormant for years, or had been set up only in March.

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

A buyback, if announced will increase the cost of transaction for L&T Infotech.

Mindtree founders continue their search for a white knight even as they oppose the largest shareholder and Coffee Day founder V G Siddharth...