India’s Mindtree rejects conglomerate L&T’s hostile takeover bid

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

India’s Mindtree on Tuesday rejected conglomerate Larsen & Toubro’s hostile takeover bid, saying L&T’s plan to acquire a controlling stake will not create value for the IT services firm or its shareholders.

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