WebJul 20, 2024 · On June 27, L&T gained a controlling stake in Mindtree, with a share of 60 per cent. On July 5, Natarajan, Parthasarathy and Ravanan resigned. We believe there … WebMay 6, 2024 · Mindtree's recently reported fourth-quarter net income rose 49% to ₹ 473 crore, while L&T Infotech posted a 17% rise in net profit at ₹ 637 crore. The deal is expected to close in 9-12 months.
L&T acquires controlling stake in Mindtree, reveals report
WebL&T offered to purchase up to an additional 31 per cent of the outstanding shares at a price of INR 980 per share from all the public shareholders of Mindtree ( Prasad, 2024). If this happened as planned, L&T would have two-third of shareholding in … WebApr 19, 2024 · Yes, realisation has been slightly higher than what it was earlier but from a M&A standpoint, we are continuously looking at opportunities to do inorganic and we have a good pipeline. But at the same time, we will not do something just for the purpose of scale. smart factory elements
Mindtree Job Security & Advancement reviews - Indeed
WebAnswer (1 of 2): L&T Core(Group) is very good and successful company, and it has build a brand value. There has not been news of any bad decisions or clash at L&T as was the case with Infosys. So in my opinion L&T is any day a good brand to have. Why L&T is after Mindtree ? L&T is big brand in ... WebMindtree Ltd was an Indian multinational information technology services and consulting company, headquartered in Bangalore.Mindtree was acquired by Larsen & Toubro in 2024 before being merged with L&T Infotech (LTI) in 2024 to form LTIMindtree.. The company had business interests in e-commerce, mobile applications, cloud computing, digital … WebMay 6, 2024 · This provides the public shareholders an exit opportunity as there is a significant change in the control, management, and the promoters of the company. Thus, … smart factory equipment