Parthasarathy Ns

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Parthasarathy Ns - Total results - 8
Founders requested to extend support for smooth transition to new leadership team: Mindtree
Business

Founders requested to extend support for smooth transition to new leadership team: Mindtree

The construction major's takeover of Mindtree had marked the first hostile acquisition in the country's IT space, and L&T now holds 60.06% stake in the IT firm.

L&T Group head AM Naik appointed as Mindtree non-executive Chairman
Business

L&T Group head AM Naik appointed as Mindtree non-executive Chairman

L&T was categorised as the new promoter of Mindtree earlier this month

Mindtree AGM: L&T CEO tells IT firm shareholders company will be operated 'at arm's length' from group's entities
Business

Mindtree AGM: L&T CEO tells IT firm shareholders company will be operated 'at arm's length' from group's entities

L&T CEO and MD S N Subrahmanyan addressed the shareholders of Mindtree for the first time after the takeover on Tuesday

L&T takeover impact: Mindtree's Executive Vice President Kamran Ozair quits within a week after three founders of IT firm resign
Business

L&T takeover impact: Mindtree's Executive Vice President Kamran Ozair quits within a week after three founders of IT firm resign

Within days of L&T gaining control of Mindtree, the IT firm's Chief Executive Officer Ravanan, Chairman Natarajan and Vice Chairman Parthasarathy quit.

Mindtree shares tumble 14.6% after three founders resign from IT company's board, executive roles
Business

Mindtree shares tumble 14.6% after three founders resign from IT company's board, executive roles

The Mindtree founders had vehemently opposed the L&T bid, terming it hostile and as a grave threat and value destructive to shareholders.

L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid
Business

L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid

L&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.

Mindtree promoters allege money offered to them to give away firm; say won't yield to L&T's hostile bid silently
Business

Mindtree promoters allege money offered to them to give away firm; say won't yield to L&T's hostile bid silently

In the country's first hostile takeover bid in the IT sector, Larsen & Toubro on Monday made an offer to buy up to 66 percent stake in the Mindtree for around Rs 10,800 crore, reported PTI.