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L&T to get 3 board positions in Mindtree
Construction major L&T, which is in the midst of a hostile takeover of Mindtree Ltd, has secured three board positions at the IT services firm, giving it a firm control over the company.
New Delhi: Construction major L&T, which is in the midst of a hostile takeover of Mindtree Ltd, has secured three board positions at the IT services firm, giving it a firm control over the company.
IT firm Mindtree on Thursday said L&T CEO and MD S N Subrahmanyan will join its Board as Non-Executive Director with effect from July 16.
The Nomination and Remuneration Committee and the Board of Directors of Mindtree have also approved and recommended the appointments of Jayant Damodar Patil and Ramamurthi Shankar Raman as non-executive directors, subject to shareholders' approval at Mindtree's Annual General Meeting on July 16, a BSE filing said.
Patil is a whole-time director and Senior Executive Vice-President for L&T's Defence business, while Raman presently oversees the finance functions across the L&T Group, it added.
