 "Larsen & Toubro")
Mindtree’s bid to stave off Larsen & Toubro’s (L&T’s) takeover bid could go down the wire. While the management of Mindtree on Tuesday said it has the backing of large investors, mutual funds (MFs) say they are willing to tender their shares in the proposed open offer if the price is attractive. MFs held 8.3 per cent stake in Mindtree as of December 31, 2018.
On Tuesday, Rostow Ravanan, managing director and chief executive officer of Mindtree, said, “Institutional investors would make up their mind at different prices. As of today, we have the support of our investors.”
As part of
