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.
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.
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.