With 60% stake, L&T completes its hostile takeover of Mindtree3 min read 26 Jun 2019, 01:58 PM IST
L&T bought 31% additional stake through an open offer
Mindtree board’s decision to give shareholders a special dividend of ₹20 a share now runs the risk of being reversed
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 first hostile takeover of a software developer.
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