NIFTY 50
Information Technology

Mindtree panel ropes in Khaitan and Co, ICICI Securities as advisors

Updated : April 02, 2019 08:46 PM IST

Lead independent director Apurva Purohit, who is also Jagran Prakashan's President, in a statement said, "The Committee held its first meeting today and has appointed Khaitan and Co. as its independent legal counsel and ICICI Securities Limited as its independent financial advisors to provide assistance in the matter. 
IT company Mindtree formed the panel of independent directors under Purohit to look into "unsolicited open offer" by L&T. The committee is expected to submit its recommendations by May 11. 
Mindtree Executive Chairman Krishnakumar Natarajan in an interview to PTI had said the company board was evaluating "several options" to find way out of the L&T's hostile bid and made it clear the diversified group is yet to come up with any proposal to address the concerns.
Mindtree panel ropes in Khaitan and Co, ICICI Securities as advisors
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV