Latest News on V G Siddhartha
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V G Siddhartha - Total results - 40
May 07, 2019
L&T buys 11.52 lakh shares of Mindtree worth Rs 113 cr via open market after buying 20% stake of VG Siddharatha, Cafe Coffee DayMindtree's promoters had called L&T bid as hostile and raised corporate governance issues at L&T and culture difference between the two companies.
Apr 06, 2019
L&T gets Competition Commission of India's approval for majority stake acquisition in MindtreeL&T has acquired 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 shares from the open market.
Mar 22, 2019
Mindtree board set to meet again on 26 March to deliberate on L&T's buyback offerOn Monday, diversified L&T made an offer to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore
Mar 20, 2019
Mindtree promoters allege money offered to them to give away firm; say won't yield to L&T's hostile bid silentlyIn 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.
Mar 19, 2019
Mindtree promoters vow to oppose hostile takeover bid by L&T; dub it 'grave threat' to companyThe promoters of IT company Mindtree have vowed that they would unconditionally oppose the attempted hostile takeover bid by Larsen and Toubro, and dubbed it a grave threat to the organisation
Feb 15, 2019
I-T Department releases Coffee Day's Mindtree shares; attaches VG Siddhartha's partial stake in coffee ventureLast month, Income Tax Department had attached 74.90 lakh shares of Mindtree, in which 22.20 lakh shares belonged to Coffee Day Enterprises and 52.70 lakh shares belonged to its promoter Siddhartha.
Jan 27, 2019
Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T deptCoffee 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.
Jan 21, 2019
Coffee Day founder VG Siddhartha in talks to sell stake in Mindtree; L&T Infotech may close the dealSiddhartha is the single largest shareholder in the mid-size IT services headquartered in Bengaluru
Jan 17, 2019
Mindtree posts 35% rise in net profit to Rs 191.2 cr in December quarter; forecasts stronger Q4 growthAccording to reports, one of Mindtree's largest investors and Cafe Coffee Day (CCD) founder, V G Siddhartha, and two of his firms are expected to sell their stakes.
Sep 25, 2017
Cafe Coffee Day raids: Income tax dept finds Rs 650 cr concealed income; violations of other statutesThe search and seize operations, which began on 21 September, concluded on Sunday evening in the offices of the group involved in coffee, tourism, IT and other areas.