Advertisement
Tuesday, Nov 30, 2021
Outlook.com
Snatch Bid

Offer They Just Have To Refuse

L&T grabs at Mindtree, whose promoters try to dissuade shareholders; the top IT firm is now at a crucial juncture

Offer They Just Have To Refuse
Photograph by IANS
Offer They Just Have To Refuse
outlookindia.com
2019-03-29T11:19:33+05:30

Hostile takeovers always make news. In the high-profile Indian IT sector, it makes for a bodice-ripping plot. While takeovers have been attemp­ted in other sectors, this is the first instance of it in IT, that too for a prominent mid-tier company.

In the last fortnight, construction and engineering giant L&T’s attempt at a hos­t­ile takeover of the $846 million Mind­t­ree software has been in the news. Set up in 1999, Mindtree Limited has an emp­lo­yee strength of around 20,000 per­s­on­nel with revenue of Rs 84.6 crore (2017-18).

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

India Needs To Speed Up Vaccination In View Of Omicron: Top Virologist Shahid Jameel

India Needs To Speed Up Vaccination In View Of Omicron: Top Virologist Shahid Jameel

Eminent virologist Shahid Jameel speaks to Outlook about the new Covid variant Omicron and its implications.

Omicron: 'We Should Be Very Concerned', Says Virologist T Jacob John

Omicron: 'We Should Be Very Concerned', Says Virologist T Jacob John

Dr Jacob John spoke to Outlook on why India should be concerned about the new Omicron variant of Covid-19 and things need to be done.

1st Test, Day 5 LIVE: PAK Inch Closer To Big Win Vs BAN

1st Test, Day 5 LIVE: PAK Inch Closer To Big Win Vs BAN

Follow Day 5 live updates and cricket scores of the first Test between Bangladesh vs Pakistan, being played in Chattogram.

India Reaches Out To African Nations Affected By Omicron Variant Of Covid-19

India Reaches Out To African Nations Affected By Omicron Variant Of Covid-19

India has expressed solidarity with the African nations affected by Omicron and said it is ready to step in with aid.

Advertisement