Indian conglomerate L&T throws down gauntlet in Mindtree takeover battle

Photo: Reuters

Larsen and Toubro Ltd (L&T) on Monday agreed to buy Cafe Coffee Day founder V.G. Siddhartha’s stake in Mindtree Ltd for ₹3,269 crore, setting the stage for a showdown with the Bengaluru-based company’s controlling shareholders, who are preparing a defence against the hostile takeover.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Contact us for corporate subscriptions at subs@dealstreetasia.com.