July 3, 2019 / 11:05 AM / 5 months ago

India's L&T buys controlling stake in Mindtree

BENGALURU, July 3 (Reuters) - Mindtree Ltd said on Wednesday that conglomerate Larsen & Toubro Ltd has acquired a 60.06% stake in the Indian IT services company.

L&T will be categorised as a promoter in Mindtree, the company added.

The report comes within months of Mindtree rejecting a hostile takeover bid from L&T, saying that the plan was of no value for the company or its shareholders. (Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below