Page 3 Mindtree: Latest News and Updates, Top Stories, Videos, Photos About Mindtree

Mindtree's Independent Directors Find L&T's Open Offer 'Fair and Reasonable'

The Independent Directors Committee (IDC) set by Mindtree to review Larsen & Toubro Ltd's (L&T) open offer said that it "appears to be fair and reasonable." It also said that the engineering conglomerate's offer of Rs 980/share is in accordance with ...

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 Gets SEBI Approval For Open Offer To Acquire Mindtree Shares: Report

Larsen & Toubro Ltd (L&T) has received clearance from the Securities and Exchange Board of India (SEBI) to make an open offer to acquire more shares of Bengaluru-based IT firm Mindtree, according to a CNBCTV18 report citing sources. The report further ...

L&T Shares Hit Record High On Increasing Stake In Mindtree

Shares of engineering behemoth Larsen & Toubro (L&T) surged to a fresh 52-week high of Rs 1,590 apiece on Monday on BSE, as well as NSE. The company raised its stake in Bengaluru-based Mindtree Ltd by around 2 percent between 20 ...

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 Buys MindTree Shares Worth Rs 368 Crore Raising Its Stake

Larsen & Turbo (L&T) bought shares of Mindtree worth about Rs 368 crore in open market transactions on Wednesday. According to bulk deal data from the NSE verified by PTI, L&T bought more than 37.53 lakh shares, or 2.28 percent stake, ...

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, ...

L&T Makes Open Offer To Mindtree Shareholders At Rs 980/Share

In order to purchase additional 31 percent stake in Mindtree, Larsen & Turbo (L&T) will be making an open offer at Rs 980 per share that is scheduled to begin on 14 May and close on 27 May. In a public ...

L&T To Buy 20.4% Stake In MindTree, Bid For Another 31% Via Open Offer

Infratsructure and engineering major, L&T is expected to purchase the 20.4% stake held by the CCD founder V.G. Siddhartha and his two other affiliate of the same company in mid-sized Information Technology company, Mindtree. Further, the company can also make bid ...

IT Shares Hit 52-Week Lows As Trump Leads In Opinion Poll

Shares in tech companies fell, with Infosys, MindTree and Wipro all hitting fresh 52-week lows, after an ABC News/Washington Post poll showed Trump was one per centage point ahead of Hillary Clinton. This was the first such lead since May 2016. ...

Mindtree Shares Plunge To 52-Week Low On Revenue Warning

Shares of Mindtree plunged to 52-week low on Tuesday after the company said that it expects revenue to be lower than the previous quarter. Mindtree has implemented a range of operational efficiency improvements and cost control measures. The savings ...

Mindtree Shares Tank 7% As Results Disappoint

Shares in IT company Mindtree fell a huge 6.5 per cent, after its results disappointed the street. The stock was down 6.5 per cent, at Rs 574, also hitting a new 52-week low in the process. Revenues in dollar terms ...

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