Larsen and Toubro (L&T) held a conference call regarding the L&T-Mindtree deal.
Here are the key takeaways:
- The discussion was related to the structure of the deal, how they can help Mindtree expand their reach as well as the complementarity of the two businesses and whether there will be a demerger or not.
- L&T said that the acquisition opportunities are strategic because both are professionally managed. They kept stressing that it will be for the good of both the management and the employees if they see the upside in this deal. They talked about how L&T has always been an employee-driven and professionally managed company and if the Mindtree management and employee come on board, it will continue to be that.
- They kept on hinting that this is not a hostile takeover, we have been trying to reach out to the management as well and it will be a good fit if all the parties come to the table and can be a win-win situation for the employees as well as management as well as L&T.