India's L&T buys controlling stake in Mindtree
Mindtree was not immediately available to comment, while L&T declined to comment on the matter.
BENGALURU: Indian conglomerate Larsen and Toubro Ltd (L&T) has acquired a controlling stake in IT services company Mindtree Ltd, CNBC TV18 channel reported citing sources.
Mindtree was not immediately available to comment, while L&T declined to comment on the matter.
In March, Mindtree ditched a plan to buy back shares in a bid to counter L&T’s hostile takeover approach.
Mindtree was not immediately available to comment, while L&T declined to comment on the matter.
In March, Mindtree ditched a plan to buy back shares in a bid to counter L&T’s hostile takeover approach.