L&T was categorised as the new promoter of Mindtree earlier this month
Mindtree shareholders approve Rs 20 per share special dividend; was proposed by IT firm promoters to celebrate revenue milestone
There were speculations that L&T, which acquired Mindtree in a hostile takeover, would oppose the proposal as it would strip over Rs 320 crore off the IT company's books.
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
Bagchi had resigned as the head of Odisha's Skill Development Authority and made a comeback to Mindtree.
The appointments, approved by the board of Larsen & Toubro today, will mark a major change in leadership positions at the company where Naik has served for over 52 years, including as its head for over 17 years.