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Larsen and Toubro (L&T) have now been cast as an avaricious acquirer after it made a hostile bid to take over Bengaluru-based I-T services company Mindtree. MR. V.G. Siddhartha, the founder of Cafe Coffee Day to buy 20.3% stake in Mindtree from him and his two affiliate firms.

Mindtree Limited Mindtree Limited is an Indian multinational information technology services and consulting company, headquartered in Bangalore. It is a part of the Larsen & Toubro Group. Founded in 1999, the company employs over 38,518 employees. Duration = 3 months Target Price =3310 RecommendationPrice =4,180. Click on the link to open your Demat account and start trading

Worldwide digital technology major MindTree Limited reported financial results for the quarter ended Sept (Q2Fy1019-20) on Wednesday, during market hours.

The Stock to watch out on Tuesday, 17-Sept, include TCS, Asian Paints, IDBI Bank and Mindtree, based on their latest updates with exchanges:

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DB Corp, MRO-TEK Realty, JMC Projects, Birla Money, Federal Bank, MindTree and Hathway CableData Com which are among a few top companies scheduled to report their September-quarter (Q2FY20) results on Wednesday, 16th October 2019.

Hostile Takeover in Information Technology(IT) service business is an unprecedented event, and such a transaction may send a shockwave to the corporate governance and takeover norms in our country.