Page 12 - Mindtree

Mindtree prepared for a set of eventualities: Krishnakumar Natarajan

Natarajan tells Debasis Mohapatra & Bibhu Ranjan Mishra the focus is to ring-fence customers and staff

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

Mindtree drops buyback plan, forms panel to evaluate L&T's open offer

According to Sebi norms, a share buyback is possible only when an open offer is in place after receiving approval from 75 per cent of the shareholders

Mindtree will unitedly resist L&T, protect interests of stakeholders: CEO

According to the law, independent directors are supposed to express an opinion on whether the price offered by L&T in the open offer is fair or not

L&T knocking at its door, Mindtree board to decide on buyback Tuesday

Bengaluru firm should follow AM Naik's footsteps to thwart L&T's takeover bid

Mindtree takeover plan: L&T explores backchannel talks for bid

L&T is keen to explore a middle path that will not only help it in addressing Mindtree's concerns but also in increasing the acceptance of its bid to take controlling stake in the firm

L&T expects Mindtree investment to generate above-average returns

The company getting an average 5% from Rs 16,000 crore cash in its books

Mindtree board defers decision on share buyback plan amid L&T takeover bid

L&T on Monday mounted a hostile takeover bid for Mindtree, with a multipronged strategy to buy 67% controlling stake in the firm

L&T's Mindtree takeover bid: Things to know about the proposed acquisition

L&T has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32% stake in Mindtree and is looking to pick up another 15% of company shares through open markets.

Mindtree to step up fight against L&T's open offer; board to meet on Mar 26

Mindtree plans to recommend to its investors not to subscribe to the open offer, citing low offer price, among key reasons

Letter to BS: Mindtree promoters should be more pragmatic, less emotional

Not only is L&T well within the law, but it also makes sound business sense for the very successful engineering conglomerate that already has two software services arms to take over MindTree

Mindtree board to meet again on Mar 26; to decide on share buyback

On Monday, diversified L&T made an offer to buy up to 66 per cent stake in Mindtree for around Rs 10,800 crore - a move that Mindtree promoters have vowed to oppose

It's emotion versus 'logic' in the L&T-Mindtree takeover battle

The tussle is expected to stretch out as Mindtree looks unwilling to cede control

Was offered bags of money to give Mindtree away, CEO Subroto tells staff

On Tuesday, co-founders of the company, Subroto Bagchi, Krishnakumar Natarjan and Rostow Ravanan univocally called the takeover bid 'a grave threat to MindTree

After L&T's takeover bid, Mindtree may still go ahead with buyback plan

The company, which is holding its board meet on Wednesday, will deliberate on legal recourse available before it to thwart the takeover bid

Mindtree independent directors should guide shareholders, says IiAS

Proxy advisory firm says the deal is a battle of corporate culture and work ethos

Mindtree says had detected irregularities by V G Siddhartha in disclosures

IT company Mindtree Tuesday said it had found certain irregularities in disclosures made by Coffee Day promoter V G Siddhartha, who sold stake in the company to L&T, and had taken action against him as per the law, according to a top official of the Bengaluru-based IT firm. "On the pledge disclosure issue, there was a disclosure that he made at certain point of time of all the pledge. At that point of time, there were some irregularities in his disclosures. Our board and audit committee evaluated it and handled it as per the rule that were prevailing at that point of time," Mindtree CEO Rostow Ravanan told reporters here. In this regard, a complaint against Siddhartha alleging insider trading during his stint at Mindtree has also been filed with Sebi by an anonymous person, according to sources. Email query sent to Siddhartha in the matter elicited no reply. The complaint filed against Siddhartha alleged that he and his firm Coffee Day group sold shares that were pledged before ...

Build tech business of your own: Mindtree promoters reject L&T takeover bid

Mindtree promoters have staunchly opposed L&T's bid to acquire the company, describing it a grave threat and value destructive to shareholders

What message is being sent to start-ups: Mindtree promoters to L&T

Strongly opposing L&T's hostile bid, Mindtree promoters Tuesday asked why the infrastructure giant could not build a great technology business on its own and wondered what kind of a message is being sent to start-ups and credible entrepreneurs with the takeover attempt. Posing five questions to diversified Larsen and Toubro (L&T), which already has two separate IT firms, the promoters also wanted to know what would happen if Mindtree employees choose to leave after the takeover. "You are a company with a turnover of Rs 1,20,000 crore, you are 18 times the size of Mindtree. Why can't you build a great technology business with your resources and capability without disseminating another organisation," Mindtree promoter and Executive Chairman Krishnakumar Natarajan said in a press conference here. Mindtree promoters have staunchly opposed the L&T's bid to acquire the company, describing it as a grave threat and value destructive to shareholders. Other promoters are Subroto ...

L&T's takeover bid unprecedented, vow to oppose it, say Mindtree promoters

The attempted hostile takeover bid of Mindtree by Larsen & Toubro is a 'grave threat' and 'value destructive' to the organisation collectively built over 20 years, say MindTree promoters