MindTree Dives 11 Percent After L&T Takeover
Shares of MindTree plunged nearly 11 percent in morning trade on Monday after the company’s founders Krishnakumar Natarajan, Parthasarathy NS, and Rostow Ravanan resigned from...
Tag : l&t
NBCC Crisis Force Up Yields On NCDs To 10-15%
Investors with a risk appetite could consider investing in some of the non-convertible debentures (NCDs) available in the secondary market, as these could give a...
L&T Takeover Offer ‘Fair & Reasonable’ Says Mindtree Maverick Directors
Independent Mindtree’s directors have said that engineering conglomerate Larsen & Toubro’s offer of Rs 980 for the IT company’s shares ‘appears to be fair and...
L&T Makes Open Offer To Buy 5.13 Crore Shares Of Mindtree
On Friday, Larsen and Toubro Ltd. announced an open offer for 5.13 crore shares or 31 percent stake of mid-tier information technology company Mindtree Ltd....
L&T Bought Another Rs 316 Cr Mindtree Shares Raising Stakes To 28%
According to regulatory data, Larsen and Toubro (L&T) have raised its stake in IT firm Mindtree by about 2 percent between May 20-24 by picking...
L&T Holds 26.93% In Mindtree With Its Buying Of 4.5 Lakh Shares
On Thursday, Infrastructure major Larsen and Toubro (L&T) took over 4.5 lakh shares of Mindtree from the open market, diving its shareholding in the IT...
L&T Increased Holdings in Mindtree to 26.48%
Larsen and Toubro (L&T) have now increased its holdings in Mindtree to 26.48 percent buying more than 8.86 lakh equity shares. L&T took 886,438 equity...
L&T Powers Up in March Quarter But Needs More Mojo
The Indian multinational conglomerate company Larsen and Toubro Ltd shares have been in a state of inactivity for a year. There has been a rise...
Larsen & Toubro Done Well In March Quarter Rising Profit To About 8%
Larsen & Toubro (L&T) reported an 8-per cent rise in its consolidated profit after tax (PAT) at Rs 3,418 crore owing to improved operations. The...
L&T Now Holds The Power To Block Decision Taken By Mindtree’s Board
Larsen and Toubro Ltd (L&T) acquired 26% holding in IT services firm Mindtree Ltd by managing to buy a little over 1% shares early in...