Our offer for Mindtree a win-win deal for both, says L&T top brass

L&T management led by its CEO & MD SN Subrahmanyan and L&T's CFO and Member of Board R Shankar Raman said the firm was interested in growing its services business where returns are higher

Construction major Larsen & Toubro made an acquisition offer for IT firm Mindtree which is termed “hostile” by the Bangalore-based firm. In an interview to Dev Chatterjee and Romita Majumdar, the L&T management led by its Chief Executive Officer & Managing Director SN Subrahmanyan (right) and L&T's Chief Finance Officer and Member of Board R Shankar Raman said the firm was interested in growing its services business where returns are higher. Excerpts.

One of the founders of Mindtree, Subrato Bagchi, has said he must protect the Tree from people who have arrived with bulldozers and saw chains to cut