L&T’s A M Naik named as non-executive chairman at Mindtree

Group Chairman of Larsen & Toubro A M Naik on Thursday took over as Non-Executive Chairman at Mindtree, just a few weeks after the engineering conglomerate acquired the Bengaluru-based IT company in a hostile takeover.

Three co-founders quit as MindTree is acquired by L&T

Three co-founders who made Mindtree one of India’s most storied entrepreneurial ventures quit on Friday after the IT company was acquired

Mindtree independent directors favour L&T’s acquisition

IT major Mindtree’s independent directors said on Wednesday that engineering conglomerate Larsen & Toubro’s offer of Rs 980 per share for the IT company’s equity appears to be fair, reasonable and in accordance with the market regulator’s takeover rules.

L&T to acquire a stake in Mindtree through all-cash transaction

L&T to acquire a stake in Mindtree in all-cash transaction Larsen & Toubro has entered into a definitive share purchase agreement (SPA) with coffee baron V G Siddhartha and his related entities to acquire 20.32 percent stake in Mindtree, a…