India: L&T prepares for hostile takeover of Mindtree

India: L&T prepares for hostile takeover of Mindtree

The logo of Larsen & Toubro Ltd. is displayed outside the company's headquarters in Mumbai, India. Photographer: Kuni Takahashi/Bloomberg

Larsen and Toubro Ltd (L&T), which has been in talks to buy Cafe Coffee Day founder V.G. Siddhartha’s stake in Mindtree Ltd, is set to sign a binding agreement to close the deal, two people directly aware of the development said.

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