/ L&T set to seal Mindtree deal with Café Coffee Day founder VG Siddhartha

Economic Times : Mar 18, 2019, 10:13 AM

Larsen & Toubro (L&T) is planning to sign a deal with Café Coffee Day founder VG Siddhartha to buy his 21% stake in MindtreeNSE 1.41 % and launch an open offer for an additional 31% stake in the IT company, probably as early as Monday evening, said several people aware of the developments. Mindtree chairman and cofounder Krishnakumar Natarajan meanwhile warned against a hostile takeover bid in a letter to L&T board.