MindTree News

L&T acquires 33 lakh shares of Mindtree; its stake now up at 25.9%

Shares of Mindtree closed 0.19 per cent down at Rs 978.60 per share on Thursday at the BSE. L&T is in the midst of acquiring a majority stake in Mindtree, which the promoters of the latter are opposed to.

Mindtree board proposes special dividend of Rs 20 per share; may cost firm Rs 320 crore

Mindtree will, however, seek the approval for its proposal at the forthcoming annual general meeting likely to take place in June or July, but there will be no extraordinary general meeting for the same.


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 promoters condemn L&T’s takeover bid

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.

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.

Explained: What next in the Mindtree takeover saga?

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.


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%.

Amid ‘hostile takeover’ bid, Subroto Bagchi to return to Mindtree

The development comes amid speculation that Larsen and Toubro is in advanced stages of negotiations to buy out a 20.4 per cent stake held by Cafe Coffee Day’s founder V G Siddhartha – Mindtree’s largest shareholder.

Mindtree Q4 net profit up 24.5 pct, FY'15 revenue to beat Nasscom estimate

Mid-tier IT firm Mindtree posted a healthy growth in net profit for the last quarter of FY2014.

HP,Mindtree tie up for application testing

IT company Mindtree has selected HP Software to offer application testing solutions.