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Decoding Lok Sabha election results 2019: 6 reasons how the verdict became a pro-incumbency vote

272/543
L :7
W :346
L :3
W :89
NDA :353 | Need More Seats to win
Need 183 More Seats to win | UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
YSRCP
22
+
TMC
22
+
Other
53
VIDEOS
Information Technology

L&T approves acquisition of VG Siddhartha's stake in Mindtree

Updated : March 18, 2019 07:58 PM IST

The board of Larsen & Toubro (L&T) has approved the acquisition of VG Siddhartha's 24.4 percent stake in Mindtree at Rs 981 per share, said sources familiar with the matter.

The company is likely to sign a term sheet with Siddhartha by March 18, sources told CNBC-TV18, adding that the deal will pave way for an open offer by L&T to increase its stake in Mindtree to 51 percent.

The development comes as the battle for the control of Mindtree intensified in the last few months. In addition to L&T, KKR and Baring PE Asia have also shown interest in buying the stake.
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