Questions, solutions and extra: What is the ‘deal’ with L&T and MindTree

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Questions, answers and more: What
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In what’s first-ever opposed acquisition in Indian IT business, Larsen & Toubro (L&T) has made an unsolicited Rs 3,269 crore bid for IT products and services corporate Mindtree. The engineering conglomerate has obtained 20% stake from early investor and Cafe Espresso day founder VG Siddhartha and introduced plans to make an open be offering for an extra 31% within the IT corporate.

On the other hand, Mindtree’s founders Krishnakumar Natarajan, Subroto Bagchi, Parthasarathy N S and Rostow Ravanan have despatched out a stinging message to the L&T best brass that they wouldn’t quietly give in to the latter’s opposed bid for his or her corporate. At a press convention held previous this week, the founders mentioned that they don’t see any strategic merit within the transaction and strongly imagine that the transaction will probably be value-destructive for all shareholders.

Listed here are the entire questions that Mindtree has for L&T, L&T’s replies and extra …

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