Mindtree’s dividends will strip firm of Rs 530 cr before L&T takeover

The Bengaluru-based software firm’s board on Wednesday proposed to pay a special dividend to its shareholders, including promoters, that along with regualr dividend and tax components would strip the mid-sized IT firm of about Rs 530 crore. Continue Reading

L&T poised to merge Mindtree with LTI: Analysts

Hitting out on L&T, Mindtree promoters posed five questions to the construction giant, chief among which stated why it could not build an independent tech business on its own and what it would do if employess chose to leave. Continue Reading

L&T buys VG Siddhartha’s entire Mindtree stake, makes Rs 5K cr open offer

&T, which is acquiring the 20.4 per cent shares from local coffee baron VG Siddhartha and firms related to him, said in a statement yesterday that it had also placed an order with its broker for an on-market purchase of up to 15 per cent of Mindtree’s shares at 980 rupees apiece. Continue Reading