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MindTree News

L&T Infotech-Mindtree Merger

06 May 2022

L&T Infotech, Mindtree announce mega merger: 5 important things to know

Chatterjee will lead the merged entity. The name of the combined entity will be 'LTIMindtree'.

14 Jul 2021

IT stocks drive Indian shares higher ahead of Infosys results

The blue-chip NSE Nifty 50 index ended 0.26% higher at 15,853.95. The benchmark S&P BSE Sensex rose 0.25% at 52,904.05. The Nifty IT index rose as much as over 3% to a record high.

27 Apr 2020

Stocks in focus today: Mindtree to Bharat 22 ETF, here are 5 Newsmakers of day

As Indian benchmark indices opened in green on Monday (April 27) with the Sensex gaining around 500 points, Mindtree, Bharat 22 ETF and Tata Steel are some stocks which will impact the indices on Monday.

02 Aug 2019

Mindtree names former Cognizant executive Debashis Chatterjee as CEO

Mindtree has appointed named SN Subrahmanyan, CEO of Larsen & Toubro Ltd (L&T), as its non-executive vice chairman.

larsen and Toubro

03 Jul 2019

L&T says Mindtree open offer completed, shareholders payments made

The infrastructure major's open offer - for Rs 980 a share - opened on June 17 and closed on June 28, 2019.

28 Jun 2019

L&T gets over 60% holding in Mindtree; open offer over-subscribed

Larsen and Toubro had bought 20.32 percent shares in the IT firm from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March and subsequently made an open offer to buy an additional 31 percent stake.

larsen and Toubro

26 Jun 2019

L&T acquires controlling stake in Mindtree, India's first hostile IT takeover

In March this year, L&T had bought 20.32 percent stake from coffee baron VG Siddhartha and companies related to him and as since kept buying stake in Mindtree from its promoters and through an ongoing open offer.

21 Jun 2019

L&T to get 3 seats on Mindtree Board; Subroto Bagchi to step down

Also, Mindtree co-founder Subroto Bagchi, who will retire next month, has not offered himself for re-appointment to the Board.

12 Jun 2019

Mindtree independent directors' panel says L&T's open offer price reasonable

Last week, infrastructure major L&T had announced its Rs 5,030-crore open offer to acquire an additional 31 percent stake in the mid-tier IT company after nearly a month's delay.

07 Jun 2019

L&T announces Rs 5,029.8 cr open offer for Mindtree; offer at Rs 980/share

L&T will have to shell out Rs 5,029.8 crore for the planned open offer for the Bengaluru-based company.

31 May 2019

L&T picks up about 27K shares of Mindtree

After the latest transaction, L&T's shareholding in Mindtree stands at 28.88 percent. The latest stock purchase was made at Rs 980 apiece.

18 May 2019

L&T buys 13,440 shares of Mindtree, expands shareholding to 26.48%

Earlier this month, L&T had purchased around 20 percent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from the open market.

15 May 2019

L&T acquires 1,168 shares of Mindtree

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 percent. The latest stock purchase was made at Rs 972 apiece.

10 May 2019

L&T acquires additional 2% stake in Mindtree; takes total holding to 25.9%

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.93 percent, compared to 23.92 percent prior to the transaction, another filing said.

20 Mar 2019

L&T, Mindtree come in open to counter each other over hostile deal

This is seen as the first hostile takeover bid in the Indian IT industry.

L&T hostile bid

19 Mar 2019

What message is being sent to start-ups: Mindtree promoters to L&T

Posing five questions to diversified Larsen and Toubro (L&T), which already has two separate IT firms, the promoters also wanted to know what would happen if Mindtree employees choose to leave after the takeover.

19 Mar 2019

Hostile bid: Facing flak, L&T says deal triggered by VG Siddhartha

L&T had Monday night announced that it reached an agreement to acquire Siddhartha's 20.32 percent stake at Rs 980 a share.

19 Mar 2019

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.

Larsen & Toubro

19 Mar 2019

Two MindTree co-founders voice concerns over L&T's takeover plans

MindTree was co-founded by -- Krishnakumar Natarajan, Rostow Ravanan, Subroto Bagchi and N S Parthasarathy.

20 Apr 2017

Mindtree Q4 net falls 27% at Rs 97.2 crore

Constant currency growth stood at 2 percent quarter- on-quarter.

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