“It shouldn’t be seen as a hostile takeover,” L&T chief executive and managing director S N Subrahmanyan told TOI in an interview. “We didn’t go looking for Mindtree. Its largest shareholder, V G Siddhartha, approached us with a deal after he tried engaging with the founders regarding his exit. Being a founder-investor, he was emotional about to whom he would sell the stake,” he said.
from Times of India https://ift.tt/2Hwms28
“It shouldn’t be seen as a hostile takeover,” L&T chief executive and managing director S N Subrahmanyan told TOI in an interview. “We didn’t go looking for Mindtree. Its largest shareholder, V G Siddhartha, approached us with a deal after he tried engaging with the founders regarding his exit. Being a founder-investor, he was emotional about to whom he would sell the stake,” he said. https://ift.tt/eA8V8J March 20, 2019 at 04:00AM https://ift.tt/2hJjhqE
Wednesday, March 20, 2019
We are not corporate raiders, says L&T CEO
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