3/20/2019 · Coffee Day founder Siddhartha sold his entire 20.32% stake in Mindtree to L&T for Rs 3,269 crore on Monday, 7/20/2019 · “Over the next 1-2 years, the acquisition of Mindtree would add significant scale, plug the gaps in LTI’s portfolio and add new large clients (Hermes, The Carlyle Group and Microsoft) and enhance the digital capabilities and presence in infrastructure management space and cloud within the L&T group,” said a report by broking firm Sharekhan.
L&T was quick to pounce on the opportunity and negotiate with VG Siddhartha, who is also the founder of the famous Indian coffee shop chain, Café Coffee Day. VG Siddhartha agreed to sell his stake at $600 million. After it became clear that L&T can easily acquire 20% of Mindtree’s business, L&T started aiming for the full company.
Mindtree is proud to now be part of Larsen & Toubro – an over $21 billion engineering, technology & construction giant. With the support of L&T as its parent company, Mindtree is in an even stronger position to continue its mission of engineering meaningful technology solutions for businesses and society.
7/11/2019 · The deal started when L&T bought 20.32 per cent shares in Mindtree from Cafe Coffee Day founder VG Siddhartha for almost Rs 3,269 crores in March 2019. Following this, it made an on-market purchase of around 15 per cent capital shares.
The Story Behind the L&T- Mindtree Takeover Bid, How Mindtree acquisition will benefit L&T – The Week, Mindtree acquisition by L&T: We are not corporate raiders, says L …
The Story Behind the L&T- Mindtree Takeover Bid, 10/7/2019 · Individual Strengths Maintained: Even L&T has maintained that they are not looking at merging LTI and Mindtree, experts suggest that “a quick three-way merger” of LTI, L&T Technology Services and Mindtree would have been ideal. This, a newspaper said, would have created an entity which could compete head-on with big names in the analytics market like.
6/26/2019 · New Delhi: Larsen and Toubro Ltd (L&T) gained a controlling interest in Mindtree Ltd, raising its stake to 60% in the Bengaluru-based company on Wednesday and successfully concluding India’s …
