Stocks

Mindtree: All eyes on buyback meet

| Updated on March 19, 2019 Published on March 19, 2019

 

Amidst the takeover battle between Larsen & Toubro and Mindtree, the board of the latter will meet on Wednesday for a buyback proposal. The promoters of the IT services firm are trying to ward off the takeover threat, even as L&T plans a hostile takeover of Mindtree, paying ₹980 a share to acquire 20.3 per cent stake from VG Siddharth, buying 15 per cent from the public, and making an open offer at ₹980 a share later. Shareholders will monitor the developments.

Published on March 19, 2019
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