Larsen and Toubro

Larsen and Toubro News

Capex revival 12-18 months away: L&T

Management commentary was more than cautious, with L&T CFO R Shankar Raman saying order inflows were expected to pick up in the second half of the year.

L&T gets 3 seats on Mindtree’s board

Proposal cleared by nomination and remuneration committee and the board will now be put to vote for shareholders at the firm’s annual general meeting.


Mindtree independent directors’ panel says L&T offer price ‘fair’

“The shareholders of the target company are advised to independently evaluate the open offer and take an informed decision about tendering the equity shares held by them in the open offer,” said a BSE filing on Tuesday.

Mindtree independent directors' panel says L&T's open offer price at Rs 980/share fair

On June 7, the infrastructure major Larsen & Toubro announced a Rs 5,030-crore open offer to acquire an additional 31 per cent stake in mid-tier IT company Mindtree at a price of Rs 980 per share.

Larsen and Toubro picks up Mindtree shares worth Rs 70 crore between May 27-30

The development assumes significance as L&T has been steadily increasing its holding in the Bengaluru-based tech firm where it acquired around 20 per cent stake of V G Siddhartha and Cafe Coffee Day last month.

High international order intake sees L&T Q4 net rise 8% y-o-y

The engineering major’s revenue from operations rose 10 per cent y-o-y to Rs 44,900 crore. Both the revenue and the net profit were slightly better than analysts’ estimates.


Unhostile takeover

In Mindtree vs L&T, there is need to divest battle of its sentimental charge, leave decision to shareholders

In light of L&T and Mindtree, a look at how hostile takeover bids have played out over the years

Before L&T & Mindtree, there was Swraj Paul & DCM, Escorts. How such bids have played out over the years.

Mindtree to be run independently for now, says L&T

L&T on Monday announced a hostile takeover bid involving a three-pronged acquisition of Mindtree. Thus, it plans to acquire 67 per cent for a consideration of Rs 10,733 crore.

Larsen & Toubro to acquire 20.32% stake in Mindtree

Larsen & Toubro - Mindtree deal: Will acquire 15% from open market; launch open offer to buy further 31%.