Information Technology
Mindtree board decides not to go ahead with share buyback
Updated : March 27, 2019 07:10 AM IST
Last week, diversified L&T made an offer to buy up to 66 percent stake in Mindtree for around Rs 10,800 crore - a move that Mindtree promoters have vowed to oppose.
L&T has entered into a deal to buy Cafe Coffee Day owner VG Siddhartha's 20.32 percent stake in Mindtree and has also placed an order with brokers to pick up another 15 percent of the company shares from the open market.
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