Mindtree board appoints L&T boss A M Naik as non-executive chairman
NEW DELHI: Mindtree on Wednesday said L&T Group Chairman A M Naik has been appointed as non-executive chairman of the IT company. The move follows the construction major acquiring over 60 per cent stake in the Bengaluru-based IT company. “…the Nomination and Remuneration Committee and the Board of Directors of the company at their meeting […]
L&T picks up Mindtree shares worth Rs 70 crore between May 27-30
NEW DELHI: Infrastructure major Larsen and Toubro (L&T) picked up 7.11 lakh shares of IT firm Mindtree between May 27-30 for about Rs 70 crore, according to regulatory data. The development assumes significance as L&T has been steadily increasing its holding in the Bengaluru-based tech firm where it acquired around 20 per cent stake of […]
L&T buys 73,953 shares of Mindtree, hikes shareholding to 26.53%
NEW DELHI: Infrastructure major Larsen and Toubro (L&T) on Monday acquired 73,953 shares of Mindtree from open market, taking its shareholding in the IT services firm to 26.53 per cent, according to a regulatory filing. “Larsen and Toubro Ltd has acquired 73,953 equity shares (with a face value of Rs 10 each) of Mindtree Ltd […]
Mindtree acquisition on top of agenda; will make it a big firm: A M Naik
NEW DELHI: Acquisition of Mindtree is the topmost agenda for infrastructure giant Larsen & Toubro at the moment and eventually the mid-sized IT firm is going to be transformed into a big company, L&T Group Chairman A M Naik said. The $20 billion conglomerate, which has taken its overall holding in Mindtree to about 26 […]