In Mindtree’s record dividend, some see a tactic to ward off L&T takeover4 min read . Updated: 18 Apr 2019, 05:24 AM IST
- Mindtree says the special dividend is a way to celebrate $1 billion in annual revenue and mark the 20th anniversary of the company
- CEO Rostow Ravanan denies the special dividend is a poison pill manoeuvre, a way to make the takeover costlier for L&T
Mumbai: Mindtree Ltd’s latest proposal to offer a fat special dividend to shareholders may well be another tactic to ward off the looming hostile takeover bid by Larsen and Toubro Ltd (L&T).
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