Rostow Ravanan

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

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

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%

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

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

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'

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%

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 to meet today to discuss share buyback; L&T wants IT firm chairman Krishnakumar Natarajan to continue

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