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L&T Completes Acquiring Controlling Stake In Mindtree
On Wednesday, Larsen & Toubro (L&T) completed acquiring a majority stake in Bengaluru-based Mindtree in India's first IT sector hostile takeover. On Tuesday, Economic Times reported that in the engineering and construction major's ongoing open market offer, it had reached 48 ...
L&T Rs. 5030 Crore Open Offer To Kick Off From June 17
Engineering and construction major Larsen & Toubro Ltd (L&T) has announced a Rs. 5029.89 crore open offer for acquiring 31% holding in Mindree, a mid-sized IT firm. The company has priced its offer at Rs. 980 per share. As per the ...
L T Rs 5030 Crore Open Offer To Kick Off From June
L&T Further Increases Stake In Mindtree
Engineering behemoth Larsen and Turbo's (L&T) stake in Mindtree rose to 26.48 percent from the earlier 25.94 percent after additional buy via open market on 16 May. It purchased 886,438 shares in the open market at Rs 979.81 apiece, L&T said ...
L T Further Increases Stake In Mindtree
L&T Acquires TIDCO's Entire Stake In L&T Shipbuilding
On Thursday, in a stock exchange filing, Larsen & Turbo (L&T) said that it has purchased Tamil Nadu Industrial Development Corporation Ltd's (TIDCO) 3 percent stake in L&T Shipbuilding Ltd for Rs 32.74 crore. "The company has purchased the entire stake held ...
L T Acquires Tidco S Entire Stake In L T Shipbuilding
CCI Approves L&T's 66% Stake Acquisition Proposal In Mindtree
On Friday, the Competition Commission of India (CCI) approved L&T's proposed acquisition of 66.15 percent stake in Mindtree. On the social media platform Twitter, CCI said, "@CCI_India approves acquisition of up to 66.15% of the total equity shareholding of Mindtree Limited, ...
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