India’s L&T reaches 60% stake in Mindtree

Infrastructure major Larsen & Toubro (L&T) has completed the takeover of Mindtree, a Bangalore-based IT services provider, by raising its stake to around 60%. This is the first hostile takeover of a software firm in India and Mindtree CEO Rostow Ravanan is likely to resign in a few weeks. Mumbai-based L&T began its Mindtree takeover […]