Recent Highlights
All Stories for Hostile Takeover Bid
L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid
Fp Staff • 6 years agoL&T entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32% stake in Mindtree and had also placed an order with brokers to pick up another 15% of the company shares from the open market.
L&T's A M Naik says mind completely occupied with Mindtree acquisition; will make it a big firm
• 6 years agoL&T which has taken its overall holding in Mindtree to about 26%, will launch an open offer to buy additional stake in around 10 days
Mindtree scraps share buyback plan after L&T open offer; will form panel to evaluate takeover bid
• 6 years agoL&T bought a fifth of Mindtree from Siddhartha and companies related to him for Rs 3,269 crore ($474.73 million) and said it planned to raise its stake to 66 percent.
L&T, Mindtree come in open to counter each other over Rs 10,800 cr hostile deal
• 6 years agoInfrastructure major Larsen and Toubro on Tuesday moved in to allay concerns over its Rs 10,800-crore bid to take over IT services firm MindTree, whose management strongly objected to the proposal calling it "value destructive" and "grave threat" to the company's future