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BusinessToday.In
March 27, 2019
Vedanta Limited--a diversified natural resources company--informed the exchanges on Wednesday that it has made an oil discovery in Krishna-Godavari Basin located in Andhra Pradesh.


BusinessToday.In
March 27, 2019
\"Jet is in talks with leasing companies to restart operating several of its grounded aircraft, and assured the government that it will not ground any more aircraft and strive to increase the seat-capacity in coming weeks,\" Pradeep Singh Kharola, secretary at India's civil aviation ministry, told in a news conference on Tuesday.


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
March 27, 2019
Share Market Live updates: While the Sensex fell 100 points to 38,132 level, the Nifty lost 38 points to 11,445. Top Sensex losers were NTPC (2.25%), Tata Motors (1.85%) and Bharti Airtel (1.49%).


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.


BusinessToday.In
New Delhi, March 25, 2019
Pointing out that it was Cafe Coffee Day founder VG Siddhartha who approached them, Naik claimed that L&T was not making a hostile takeover bid. This, incidentally, was the same stand taken by managing director and chief executive SN Subrahmanyan last week


PTI
March 21, 2019



PTI
March 20, 2019



Mudit Kapoor
March 20, 2019
Apart from the profits on sale of his 20.41% stake to L&T which amounts to Rs 2,858.74 crores, the CCD founder has also earned close to Rs 180 crores just through dividends from Mindtree in the last decad


BusinessToday.In
New Delhi, March 20, 2019
The promoter of the company, V.G. Siddhartha, along with certain other parties has signed a definitive agreement to sell their entire stake in Mindtree Ltd to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore.


BusinessToday.In
March 20, 2019
Subroto Bagchi, who recently returned to the company to fend off L&T takeover attempt, penned an emotional letter to Mindtree employees detailing how the co-founders refused \"huge bags of money to give Mindtree away\"


BusinessToday.In
March 20, 2019
In the early trading session on Wednesday, the shares of DLF Ltd climbed 3.11 per cent to the intraday high of Rs 200.30 on both the trading platforms as the company informed the exchanges about Hines joint venture investment up to Rs 1,900 crore for developing 2.9 million square feet in Udyog Vihar, Gurugram. This would be their second joint venture.


PB Jayakumar
March 20, 2019
Larsen & Toubro's hostile acquisition attempt of IT major Mindtree is itself a repeat of history, and if required, the promoters of Mindtree can attempt a lesson L&T learned and enacted to thwart its own hostile acquisition attempts by the Reliance Industries and Birlas in early 2000s.


PTI
March 19, 2019



PTI
March 19, 2019
Under flak for mounting a Rs 10,733-crore hostile takeover bid on Mindtree, engineering major L&T Tuesday said the deal got triggered after largest shareholder VG Siddhartha approached them three months ago, and exuded confidence in winning over the unhappy promoters.


BusinessToday.In
New Delhi, March 19, 2019
Coffee Day Trading and V.G. Siddhartha, promoter of the company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree Ltd to Larsen & Toubro Limited for a consideration not exceeding Rs 3,269 crore.


PTI
March 19, 2019
The stock market continued its winning run for a seventh consecutive session Tuesday with the BSE Sensex rising 268 points to close at over six-month high led by gains in index heavyweights like ITC, RIL and Infosys amid continuous foreign fund inflow.


Rukmini Rao | Goutam Das | E Kumar Sharma
March 19, 2019
Although L&T's hostile takeover of Mindtree has the potential to create an entity revenue over $2 billion, analysts are not positive that it can create any significant value for either of the two companies.


BusinessToday.In
New Delhi, March 19, 2019
According to Hotel Leela Venture, the transaction includes assignment of all hotel management contracts currently in operation as well as all under-development.


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