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MindTree

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.

Aug 02, 2019, 14:33 PM IST

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.

Jul 03, 2019, 12:41 PM IST

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.

Jun 28, 2019, 10:47 AM IST

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

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.

Jun 26, 2019, 17:02 PM IST

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.

Jun 21, 2019, 10:36 AM IST

Mindtree independent directors' panel says L&T's open offer price fair, 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.

Jun 12, 2019, 14:49 PM IST

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.

Jun 07, 2019, 16:23 PM IST

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.

May 31, 2019, 11:01 AM IST

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.

May 18, 2019, 18:14 PM IST

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.

May 15, 2019, 14:21 PM IST

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.

May 10, 2019, 12:21 PM IST

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.

Mar 20, 2019, 12:45 PM IST

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

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.

Mar 19, 2019, 18:00 PM IST

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.

Mar 19, 2019, 16:14 PM IST

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.

Mar 19, 2019, 15:00 PM IST

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.

Mar 19, 2019, 12:03 PM IST

Mindtree Q4 net falls 27% at Rs 97.2 crore

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

Apr 20, 2017, 16:53 PM IST

'Shadow of founders tends to loom over Boards, incumbents'

The public spat between Infosys founders and its Board has triggered a debate whether it is possible for people to distance themselves from the company they create, with industry experts saying it tends to be a tightrope walk.

Feb 15, 2017, 20:07 PM IST

TCS says US financial clients delaying spending, shares tank

Terming the customer outlook as one marked by "abundant caution", the country's largest software services firm TCS has warned that its financial sector clients in the US are holding back on discretionary spends, leading to a "sequential loss of momentum".

Sep 08, 2016, 15:28 PM IST

Mindtree trims early gains; up 1.5% at close

After surging 5.11 percent to Rs 1,475 in intra-day trade, shares of the company finally ended at Rs 1,424.75, up 1.53 percent on BSE.

Oct 16, 2015, 17:30 PM IST