Page 13 - Mindtree

L&T CEO calls Mindtree takeover 'pyaar, not war'; says Siddhartha made move

L&T MD and CEO says the deal 'protects Mindtree against hostile takeover' and someone else would have moved if L&T didn't

L&T makes Rs 10,800 crore takeover bid for Mindtree

L&T would pay Siddhartha Rs 3,269 crore and Rs 5,030 crore for the open offer, as per filings made by L&T and Mindtree

L&T may spend over $1 billion in a bid to buy Mindtree: Report

(Reuters) - Indian conglomerate Larsen & Toubro Ltd would spend up to 70 billion rupees ($1.02 billion) in a hostile bid to buy IT services company Mindtree Ltd, the Times of India (TOI) reported citing sources directly involved with the matter.

Mindtree's share buyback plan to make takeover expensive for L&T

Mindtree is already trading at two times its enterprise value to revenues and the buyback at an expected at a price of Rs 1,000-1,200 would take the share price even higher

Mindtree co-founder Subroto Bagchi quits govt role to take on raiders

Mindtree faces the risk of management change as its largest shareholder is reportedly in talks with a rival technology firm to offload his stake

Mindtree taps institutions to fend off L&T's hostile takeover bid

Support of key institutional investors crucial in case of an open offer

Mindtree takes share buyback route to fend off L&T; size may be Rs 1,000 cr

In January, A M Naik, executive chairman of the L&T group, had confirmed that the engineering major was looking at acquiring a stake in Mindtree

Mindtree will buck the trend of IT consolidation, says CEO Rostow Ravanan

Rostow Ravanan says with founders at helm, company is best placed to protect sharehoders' interest; L&T board meet may take final call

Hostile takeover bids rare in the IT industry globally, say experts

Such a move by any rival IT firm may lead to value erosion for both entities

Fairfax edges past L&T Infotech, Tech Mahindra in race for Mindtree stake

Mindtree's founders are unwilling to shed their holding as the mid-tier firm is showing a strong growth momentum

Mindtree profit up 35% in Q3, becomes billion dollar firm on run rate basis

Promoters stake sale not on cards, says management

New deals, demand growth across verticals are positives for Mindtree stock

Current contract pipeline, as well as demand growth across verticals, are positives for the company

V G Siddhartha likely to offload Mindtree stake through bulk deals

Siddhartha, who first invested in Mindtree in 1999, holds 21% in the IT services firm through his various entities

Any big investor exit won't affect Mindtree, says CEO Rostow Ravanan

A lot of large investors exited after Mindtree's listing on the bourses

Mindtree focusing on IP-driven growth as traditional legacy biz slows down

The move comes at a time when the traditional software maintenance and support works are slowly drying up

Mindtree tanks 18% on revenue miss, cautious outlook; analysts mixed

In dollar terms, Mindtree posted $246.4 million in revenues, a growth of 19.5 per cent y-o-y and two per cent sequentially.

Mindtree posts healthy Q2 numbers on back of sound growth; outlook positive

Net profit rises 65%, travel & hospitality, hi-tech segments drive growth

Mindtree Q2 net up 65% to Rs 2.06 bn; revenue rises 31% to Rs 17.5 bn

The Board of Directors have declared an interim dividend of Rs 3 per equity share

Mindtree partners IIT Madras for endowed faculty fellow position in AI

The endowment will empower the academic institution with industry specific knowledge and resources to help create solutions to accelerate the growth and adoption of Data Science and AI globally

MindTree slips 9% on profit booking after Q1 results

In past one year, shares of MindTree had outperformed the market by surging 109% as compared to 15% rise in the S&P BSE Sensex till Wednesday.