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
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 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
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
Within days of L&T gaining control of Mindtree, the IT firm's Chief Executive Officer Ravanan, Chairman Natarajan and Vice Chairman Parthasarathy quit.
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
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'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.
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
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
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
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
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
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
Siddhartha is the single largest shareholder in the mid-size IT services headquartered in Bengaluru