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Mindtree strikes conciliatory note, open to 'middle ground' over L&T bid

"We think there can certainly be a middle ground to protect the interests of our customers, shareholders and Mindtree minds" said Krishnakumar Natarajan

Krishnakumar Natarajan, co-founder and executive chairman of Mindtree
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Krishnakumar Natarajan, co-founder and executive chairman of Mindtree

Bibhu Ranjan MishraDebasis Mohapatra Bengaluru
In a change of stance since it waged a war against the hostile takeover bid by Larsen & Toubro (L&T), the management of Mindtree has sounded a conciliatory note, expressing willingness to sit on the negotiation table with the engineering major.

In his first interaction after Tuesday's board meeting, Mindtree Co-founder and Executive Chairman Krishnakumar Natarajan indicated that a “middle ground” could certainly be explored through mutual discussions between the two parties to protect the interests of all stakeholders of the IT firm. He also hinted that while the process had just begun, there were multiple channels that could be tapped

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First Published: Mar 28 2019 | 2:26 AM IST

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