Mindtree promoters oppose hostile takeover bid by L&T: Here's what experts have to say
Updated : March 19, 2019 07:36 PM IST
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.
L&T would pay Siddhartha Rs 3,269 crore and Rs 5,030 crore for the open offer, as per filings made by L&T and Mindtree.
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