CCI approval was crucial as the market capitalization of L&T Infotech is almost twice that of Mindtree. Their combined valuation stands at ₹46,000 c
The founders of Mindtree, who together own 13.32% in the company, are trying to fend off a hostile takeover bid by L&T by buying back shares from pub
L&T announced it has agreed to buy Cafe Coffee Day founder V.G. Siddhartha’s stake in Mindtree Ltd for ₹3,269 crore, setting the stage for a showd
Typically, an entity is required to make an open offer to gain control of a listed form only after acquiring 25% in the latter. But, in this case, L&T
Jet Airways has an option to sell down as much as ₹250 crore of the term loan to other investors.
The latest offer makes KKR the highest bidder for the 20.4% stake held by Siddhartha and his two affiliate firms in Mindtree.
Paytm’s growing losses were attributed to the parent’s emphasis on aggressive expansion to take on bigger rivals in the e-commerce space such as A
The higher borrowing limit helps Paytm secure capital for everyday operations amid tight liquidity conditions in the market.
L&T plans to create an IT consulting and services giant through a merger of Mindtree, L&T Infotech Ltd and L&T Engineering Services Ltd.
Baring PE Asia will first buy the 30.58% stake held by the promoters of NIIT Technologies.
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