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PTI
March 19, 2019



Rukmini Rao
New Delhi, March 19, 2019
The deal according to the founders --Subroto Bagchi, Krishnakumar Natarjan and Rostow Ravanan --is being opposed primarily on two counts. One because L&T already has a company (LTI) that competes with Mindtree for business and second the cultural difference of the organisations.


BusinessToday.In
March 19, 2019
Shares of Mindtree and Larsen and Toubro were trading in red after engineering giant announced to buy 66.32% stake in mid-tier IT company in an all-cash deal.


BusinessToday.In
March 19, 2019
In a regulatory filing last night Mindtree's promoters, including its four founders, said they intend to \"unconditionally oppose\" Larsen and Toubro's (L&T) hostile takeover bid, calling it a grave threat to their organisation


Rukmini Rao
March 19, 2019
Calling this a strategic fit, S N Subrahmanyan, CEO & Managing Director said, \"This acquisition is part of our strategy to deliver industry-leading IT services to our clients worldwide.\"


PTI
March 18, 2019



PTI
March 18, 2019
The bank's board on Monday approved a proposal to raise equity capital by issuance and allotment of up to 10 crore shares at the issue price of Rs 27 per share.


PTI
March 18, 2019



PTI
March 18, 2019



PTI
March 18, 2019



PTI
March 18, 2019
State Bank of India (SBI) Monday said its central board will meet later this week to consider extension of approval accorded by it for raising equity capital of up to Rs 20,000 crore from the market till the end of fiscal 2020.


BusinessToday.In
March 18, 2019
Shares of DHFL (Dewan Housing Finance Corporation Limited) rose almost 6 per cent in intra-day trade on Monday, after the housing finance company announced to sell its entire stake in Avanse.


BusinessToday.In
March 18, 2019
L&T Infotech is getting ready to buy 20.4 per cent stake from Mindtree co-founder VG Siddhartha, the biggest stakeholder in the company.


BusinessToday.In
March 18, 2019
In a filing to the exchanges on March 15, the Bengaluru-headquartered company, said, \"The meeting of the Board of Directors of the company will be held on March 20 to consider the proposal to buyback the fully paid-up equity shares of the company\".


PTI
March 17, 2019



BusinessToday.In
New Delhi, March 16, 2019
This development comes at a time when there is a speculation in the market that L&T is in advanced talk to buy out a 20.4 per cent stake held by Cafe Coffee Day's founder V.G. Siddhartha- the largest shareholder in Mindtree.


PTI
March 16, 2019



PTI
March 15, 2019
According to the draft resolution plan, Etihad will bring in around Rs 1,800 crore as fresh equity and increase its stake to 24.9 percent, while Naresh Goyal will chip in with Rs 750 crore. The rest of the Rs 3,800 crore come from other investors.


PTI
March 15, 2019



PTI
March 15, 2019



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