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Total 87 results found. Search for [ Mindtree takeover ]

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BusinessToday.In
May 13, 2019
The engineering behemoth missed its May 7 deadline to issue its letter of offer to Mindtree shareholders, reportedly due to late queries posed by the markets regulator to which it could only respond on May 10. The open offer is still awaiting SEBI's green light.


Chitranjan Kumar
New Delhi, May 12, 2019
L&T has made a public announcement for the acquisition of 31 per cent shares of Mindtree from the market, with Axis Capital and Citi Global managing the open offer


PTI
New Delhi, May 10, 2019
Earlier this month, Larsen and Toubro had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through a block deal for about Rs 3,210 crore


PTI
New Delhi, May 9, 2019
According to bulk deal data available with the NSE, L&T bought over 37.53 lakh shares, or 2.28 per cent stake, worth Rs 367.8 crore, with the average price being Rs 979.96 per scrip


PTI
May 8, 2019



PTI
May 7, 2019



Tanushree Bhuwalka and Kaushiki Agarwal
May 6, 2019
Hostile acquisitions for entities in the insolvency resolution process have already become popular with many acquirers entering into bidding wars with external, promoter-backed entities


BusinessToday.In
New Delhi, May 1, 2019
On Tuesday, L&T acquired around 3.27 crore Mindtree shares, or almost 20 per cent of the stake, at Rs 980 per share (for a total of Rs 3,211 crore) from Siddhartha and Coffee Day Enterprises through block deals


Aprajita Sharma
April 18, 2019
Based on FY18 financial statements of the BSE-500 constituents, IiAS identified 75 companies that can return cash of up to Rs 1.1 lakh crore to shareholders


PTI
April 17, 2019
The company has declared an interim dividend of Rs 3 per share that will be paid before May 10 and also pay Rs 4 a share in final dividend, besides Rs 20 in special dividend


PTI
April 17, 2019



BusinessToday.In
New Delhi, April 17, 2019
In dollar terms, Mindtree's revenue jumped 15.80 per cent YoY to USD 262 million, while net profit increased merely by 0.3 per cent to USD 28.2 million


PTI
April 17, 2019



PTI
April 17, 2019
The Bengaluru-based company's revenue also increased by 25.6% to Rs 1,839.4 crore in the said quarter, as compared to Rs 1,464 crore in the year-ago period


PTI
New Delhi, April 14, 2019
L&T's manpower strength stood at 42,924 as on March 31, 2018 as compared to 41,466 as at March 31, 2017


PTI
April 14, 2019



BusinessToday.In
April 6, 2019
CCI has approved acquisition of up to 66.15 per cent of the total equity shareholding of Mindtree Limited, on a fully diluted basis, by Larsen and Toubro Limited


BusinessToday.In
March 27, 2019
Snapping two-day gaining streak, shares of Mindtree tumbled 4 per cent on Wednesday following the board's decision to not proceed with the proposed buyback of equity shares. The share of Mindtree Ltd. tumbled down to a low of Rs 911, a 39.55 points or 4 per cent slide against the previous close on Bombay Stock Exchange. The stock fell  2 per cent to the day's low at Rs.931.00 on NSE.


BusinessToday.In
New Delhi, March 26, 2019
L&T offered to buy 5.13 crore fully paid-up equity shares of Rs 10 each from Mindtree at Rs 980 apiece. Last week, L&T bought 20.40 per cent stake in Mindtree from Cafe Coffee Day founder VG Siddhartha for about Rs 3,300 crore


Nevin John
New Delhi, March 25, 2019
According to back-of-the-envelope calculation, the promoters of Mindtree will get Rs 2,144 crore for their 13.32 per cent stake at Rs 980 a share. If L&T increases the offer price by Rs 100 a share, they will get around Rs 219 crore more.


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