Rostow Ravanan

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Rostow Ravanan - Total results - 21
VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own
India

VG Siddhartha found dead: CCD founder reimagined idea of coffee in India, always sought to strike out on his own

V G Siddhartha was listed as the 75th richest man in India in the Forbes billionaire in 2015

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.

Mindtree CEO Rostow Ravanan likely to resign in coming weeks as L&T becomes majority shareholder in IT firm
Business

Mindtree CEO Rostow Ravanan likely to resign in coming weeks as L&T becomes majority shareholder in IT firm

Larsen and Toubro (L&T) had initiated a hostile takeover of Mindtree Ltd in March and has since then expanded its shareholding to a majority stake

Nalanda Capital sells entire 10.61% stake in Mindtree to L&T; paves way for construction major to increase its stake to over 51%
Business

Nalanda Capital sells entire 10.61% stake in Mindtree to L&T; paves way for construction major to increase its stake to over 51%

Pulak Prasad led-Nalanda Capital sold its whole stake worth Rs 1,707.46 crore to L&T in an ongoing open offer for shareholders of Mindtree

L&T gets firm control over Mindtree, secures three seats on Board; Subroto Bagchi to step down
Business

L&T gets firm control over Mindtree, secures three seats on Board; Subroto Bagchi to step down

Bagchi had resigned as the head of Odisha's Skill Development Authority and made a comeback to Mindtree.

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.

L&T concludes 20% stake purchase in Mindtree, will call for shareholders’ meeting on 'governance and inclusion'
Business

L&T concludes 20% stake purchase in Mindtree, will call for shareholders’ meeting on 'governance and inclusion'

L&T has placed orders to mop up an additional 15 percent from the market and is expected to cross 26 percent shareholding in one week

Mindtree March quarter net jumps 8.9% at Rs 198 cr; board declares special dividend of 200%
Business

Mindtree March quarter net jumps 8.9% at Rs 198 cr; board declares special dividend of 200%

Mindtree's FY'19 net profit grew 32.2 percent to Rs 754.1 crore, while revenue was up 28.5 percent to Rs 7,021.5 crore from the previous fiscal.

Mindtree board set to meet again on 26 March to deliberate on L&T's buyback offer
Business

Mindtree board set to meet again on 26 March to deliberate on L&T's buyback offer

On Monday, diversified L&T made an offer to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore

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.

L&T hostile bid: Mindtree finds 'some irregularities' in Café Coffee Day promoter VG Siddhartha's disclosures
Business

L&T hostile bid: Mindtree finds 'some irregularities' in Café Coffee Day promoter VG Siddhartha's disclosures

A complaint against Siddhartha alleging insider trading during his stint at Mindtree has also been filed with Sebi by an anonymous person

L&T makes offer to buy up to 66% stake in Mindtree for Rs 10,800 crore; IT firm to remain independent listed entity
Business

L&T makes offer to buy up to 66% stake in Mindtree for Rs 10,800 crore; IT firm to remain independent listed entity

L&T has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32 percent stake in Mindtree and has also placed an order with brokers to pick up another 15 percent

Coffee Day Enterprises founder VG Siddhartha may offer alternative security to release attached Mindtree shares
Business

Coffee Day Enterprises founder VG Siddhartha may offer alternative security to release attached Mindtree shares

The I-T department has attached a portion of shares held by Siddhartha and Coffee Day Enterprises Ltd in IT firm Mindtree over a potential tax demand.

Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept
Business

Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept

Coffee Day Enterprises promoter V G Siddhartha, who owns about 21% stake in Mindtree, is said to be in advanced discussions with various entities to sell his shares in the IT company.

Coffee Day founder VG Siddhartha in talks to sell stake in Mindtree; L&T Infotech may close the deal
Business

Coffee Day founder VG Siddhartha in talks to sell stake in Mindtree; L&T Infotech may close the deal

Siddhartha is the single largest shareholder in the mid-size IT services headquartered in Bengaluru