Wed, Aug 28, 2024
Kotak report on LTIMindtree. Why Kotak's confidence increased? Signs of good recovery from Hi-tech vertical also. Know complete details in this video.
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Tue, Jul 18, 2023
What were the key triggers for the results? Where to focus for growth? Watch an exclusive interview with Vineet Teredesai, CFO, LTIMindtree
Wed, Jul 05, 2023
Which other index of Nifty will change? Which shares will be out, who will get place? Know full details in this video
Thu, Jun 20, 2019
The row between construction major Larsen and Toubro (L&T) and IT major Mindtree is no longer hitting the headlines on a daily basis, but there is hectic activity on behind the scenes.
Wed, Jun 12, 2019
Independent Directors' panel of Mindtree has said that Larsen and Toubro's open offer price at Rs 980/share appears "fair and reasonable".
Mon, Jun 10, 2019
Friday gains were capped by fall in index heavyweight Reliance Industries. But there were certain stocks that came in news after the market was closed for trading purposes.
Tue, May 14, 2019
The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 per cent.
Mon, May 06, 2019
Mindtree's promoters had called L&T bid as hostile and raised corporate governance issues at L&T and culture difference between the two companies.
Wed, May 01, 2019
Infratsructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
Thu, Apr 18, 2019
Indian domestic stocks market on Tuesday, April 16, 2019, ended with strong gains on positive global cues but there were certain stocks, that came in the news after the market was closed for the day.
Wed, Apr 17, 2019
Mindtree said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.
Fri, Mar 29, 2019
L&T has acquired Cafe Coffee Day owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market. Besides, an open offer has been made to buy over 5.13 crore or around 31 per cent stake for Rs 5,030 crore.
Wed, Mar 27, 2019
Global software major Mindtree on Tuesday decided not to proceed with its proposal to buy back its shares after infrastructure major Larson and Toubro (L&T) made an open offer to acquire 31 per cent of equity capital for Rs 3,050 crore.
Tue, Mar 26, 2019
Together they translate an acquisition of 66.3% stake by L&T in Mindtree. Overall, the cost of acquisition for L&T is seen to be at Rs 10,733 crore.
Fri, Mar 22, 2019
Refusing to accept L&T takeover of Mindtree as hostile, L&T Managing Director and Chief Executive Officer S.N. Subrahmanyan earlier said it was an "act of love and with all the heart".
Experts are of the opinion that due to the inevitable L&T and MindTree merger, L&T Infotech stocks may show Rs 2,160 — 30% above current levels — in two to three month time.
Three routes are being followed by Larsen & Toubro to take over Mindtree - first by acquiring CCD-founder VG Siddhartha's entire holding and pursue the other two with a stake purchase plan.
Wed, Mar 20, 2019
L&T has bought the CCD owner VG Siddhartha's 20.4 per cent shares in the services firm MindTree. The deal has been inked at Rs 981 per shares that is worth Rs 3,300 crore.
IT company Mindtree Tuesday said it had found certain irregularities in disclosures made by Coffee Day promoter V G Siddhartha, who sold stake in the company to L&T, and had taken action against him as per the law, according to a top official of the Bengaluru-based IT firm.
Tue, Mar 19, 2019
L&T bought 20.4 per cent stake in Mindtree from Cafe Coffee Day founder V.G. Siddartha for about Rs 3,300 crore and expressed its intent to buy additional stake in the Bengaluru-based midcap company through an open offer.
Acquiring CCD-founder’s VG Siddhartha entire stake and further open offer, can mean Mindtree merger with L&T Infotech - a sweet spot for parent Larsen & Toubro.
L&T started the process to takeover Mindtree. This would be the first forcible takeover in the country's IT sector. Watch complete video to know more..
"This is a people business. 'Mindtree Minds' have signed up for a mission not just a salary. Take their mission away and they will go... What will you be left with," Natarajan said.
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