How Mindtree's buyback plan can avert hostile takeover bid from L&T
Updated : March 26, 2019 12:13 PM IST
The board of IT services firm Mindtree will meet on Tuesday to discuss a share buyback proposal.
The founders of Mindtree, who together own 13.32 percent in the company, are trying to fend off a Rs 10,800-crore hostile takeover bid from L&T, India’s largest engineering company, by buying back shares from public shareholders.
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