Information Technology L&T's hostile takeover of Mindtree: Here's all you need to know Updated : March 19, 2019 12:02 PM IST Hostile takeover is defined as the acquisition of the target company, in this case Mindtree, by the acquirer, here L&T, through buying the stake of the target company's shareholders. L&T is eyeing to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore The promoters and founders of the company, after the announcement, unconditionally opposed L&T's 'hostile takeover' bid. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.