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Mindtree share price: Top 5 reasons for the crash of Larsen & Toubro owned tech major
Thu, Jul 18, 2019
Mindtree share price: Uncertainty in business and management is one of the major reasons for the current weakness in the IT counter.
Mindtree share price: Stock market experts slap 'sell on rise' tag on L&T owned IT company
Thu, Jul 18, 2019
Mindtree share price has crashed because there is no clarity from L&T after taking over the IT company, say experts after slapping a 'sell on rise' tag.
Stock Market: Sensex, Nifty dip on weak global cues; MindTree, Yes Bank, Vedanta stocks bleed
Thu, Jul 18, 2019
BSE Sensex lost 71 points but retained the psychological 39,000 levels while the Nifty 50 index dipped 28 points to 11,658 levels. The Bank Nifty index ticked 12 points lower to 30,719 levels.
Stocks in news: Mindtree, Wipro, YES Bank, Tata Elxsi to declare results today
Wed, Jul 17, 2019
Mindtree, Wipro, YES Bank, Tata Elxsi, Dhanlaxmi Bank, Aditya Birla Money, Duncan Engineering, Menon Bearings and DFM Foods quarterly results are expected to be announced today.
Mindtree share price tanks 11% after co-founders Krishnakumar Natarajan, N.S. Parthasarathy and Rostow Ravanan quit
Mon, Jul 08, 2019
IT firm Mindtree on Monday shed over 11 per cent on the BSE following resignations by the company`s top leadership in the days succeeding infrastructure construction behemoth L&T`s acquisition of controlling stake in the global IT services firm.
Stocks in Focus on July 8: Mindtree, PNB to Maruti; here are the 5 Newsmakers of the Day
Mon, Jul 08, 2019
There are certain stocks that came in news after the market was closed on Friday and can play a role in setting the direction of the indices today.
L&T acquires over 60 pct shares in Mindtree; open offer over-subscribed
Thu, Jun 27, 2019
L&T has acquired over 60 per cent of the Mindtree shares after its open offer to buy 31 per cent of the mid-sized IT company's shares.
Larsen & Toubro gains control with over 51% stake IT firm Mindtree
Wed, Jun 26, 2019
Larsen and Toubro Ltd (L&T) has acquired majority stake, 51 per cent, in Mindtree Ltd on Wednesday. One of the largest engineering and construction companies in India, L&T has gained control of the Bengaluru-based information technology services (IT) firm Mindtree after weeks of tussle with the current management.
Best of Mindtree yet to come; firm is focussed on capitalising on opportunities: Chairman
Fri, Jun 21, 2019
In March, L&T had said it will buy 20.32 per cent stake in Mindtree from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore - marking India's first-ever hostile takeover bid in the IT space.
This is what Larsen and Toubro set to get at Mindtree: Points in brief
Thu, Jun 20, 2019
The row between construction major Larsen and Toubro (L&T) and IT major Mindtree is no longer hitting the headlines on a daily basis, but there is hectic activity on behind the scenes.
Mindtree says L&T's open offer price at Rs 980/share fair, reasonable
Wed, Jun 12, 2019
Independent Directors' panel of Mindtree has said that Larsen and Toubro's open offer price at Rs 980/share appears "fair and reasonable".
Stocks in Focus on June 10: Banking & Power Stocks to Kotak Mahindra Bank; here are the 5 newsmakers of the day
Mon, Jun 10, 2019
Friday gains were capped by fall in index heavyweight Reliance Industries. But there were certain stocks that came in news after the market was closed for trading purposes.
L&T acquires 1,168 shares of Mindtree with face value of Rs 10 each
Tue, May 14, 2019
The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.94 per cent.
L&T buys shares of Mindtree worth Rs 113 cr via open market
Mon, May 06, 2019
Mindtree's promoters had called L&T bid as hostile and raised corporate governance issues at L&T and culture difference between the two companies.
L&T buys VG Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 crore
Wed, May 01, 2019
Infratsructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
Stocks in Focus on April 18: Reliance, Jet Airways and Mindtree; here are the 5 newsmakers of the day
Thu, Apr 18, 2019
Indian domestic stocks market on Tuesday, April 16, 2019, ended with strong gains on positive global cues but there were certain stocks, that came in the news after the market was closed for the day.
Mindtree Q4 net up 8.9 pct at Rs 198.4 cr; Board declares special dividend of 200 pc
Wed, Apr 17, 2019
Mindtree said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.
Mindtree board evaluating several options to stave off L&T hostile bid, says Natarajan
Fri, Mar 29, 2019
L&T has acquired Cafe Coffee Day owner V G Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers to pick up another 15 per cent shares from the open market. Besides, an open offer has been made to buy over 5.13 crore or around 31 per cent stake for Rs 5,030 crore.
Mindtree not to buy back shares after L&T open offer
Wed, Mar 27, 2019
Global software major Mindtree on Tuesday decided not to proceed with its proposal to buy back its shares after infrastructure major Larson and Toubro (L&T) made an open offer to acquire 31 per cent of equity capital for Rs 3,050 crore.
Mindtree promoter resists, L&T stays firm for takeover: Here’s where stocks are headed
Tue, Mar 26, 2019
Together they translate an acquisition of 66.3% stake by L&T in Mindtree. Overall, the cost of acquisition for L&T is seen to be at Rs 10,733 crore.