August 03, 2019 10:02 am
L&T's takeover of Mindtree marked India's first-ever hostile takeover in the IT space. The infrastructure giant had bought 20.32 per cent shares in Mindtree from late V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March.
March 20, 2019 5:12 am
The stock of Mindtree declined 2.03 per cent to close at Rs 943 on the BSE. Shares of L&T fell by 1.60 per cent to close at Rs 1,356.75. However, shares of L&T Infotech rose by 3.99 per cent to settle at Rs 1,636.05 per unit.
March 19, 2019 2:31 pm
With 66.32 per cent stake in Mindtree, L&T would become the majority shareholder. The IT company's shares fell at least 1.7 per cent on Tuesday.
March 19, 2019 9:42 am
Speculation is rife that L&T is in advanced stages of negotiations to buy out a 20.4 per cent stake held by Cafe Coffee Day's founder VG Siddhartha -- Mindtree's largest shareholder.
February 04, 2019 8:44 am
There’s a reason that the ritual of an annual holiday found its way into our work lives and it can be traced back to Biblical times. Since the Middle Ages, the Church recognised cessation from work one day a week, as essential to mind, body and spirit.
August 24, 2018 12:04 am
India’s second largest IT services company, Infosys had said in December 2017 that it completed its Rs 13,000 crore buyback programme.
October 02, 2017 4:08 pm
"That is really advanced analytics. Now, that is like a $100-million deal for us. It's not a small deal," LT Infotech chief executive and managing director Sanjay Jalona told reporters.
May 30, 2017 2:22 am
L&T's board of also proposed a bonus issue in the ratio of one for two (one bonus share for every two shares held) and a dividend of Rs 21 per share.
January 11, 2016 1:28 am
100-gun deal estimated to cost between Rs 4,500 crore and Rs 5,000 crore
August 01, 2015 2:49 am
Domestic orders consistent with year-ago quarter; international orders fall.