financetom
Business
financetom
/
Business
/
L&T CEO SN Subrahmanyan, two other group members join Mindtree board
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L&T CEO SN Subrahmanyan, two other group members join Mindtree board
Jun 20, 2019 7:53 AM

L&T CEO SN Subrahmanyan and two more representatives of the L&T Group have joined Mindtree's board as non-executive directors. The appointments will come into effect from July 16, as per regulatory filings.

JD Patil, who is the whole time director and senior executive vice-president of L&T's defence business, and Ramamurthi Shankar Raman, who oversees finance functions across the L&T Group, have been appointed to the Mindtree board.

The board also brought in two independent directors Prasanna Rangacharya Mysore, who had served as the chief legal officer at L&T and Deepa Wadhwa who is the current chair of the India-Japan Friendsahip Forum.

This appointments come as L&T is in the midst of its open offer for a 31 percent stake in Mindtree, which kicked off on June 17 and is set to close on June 28.

L&T currently holds close to 30 percent stake in Mindtree, after acquiring a block stake of 20 percent from VG Siddhartha and the Coffee Day Group and raising the rest from the open market.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Famous Footwear Parent Caleres Braces For Tariff Storm With Margins Under Fire
Famous Footwear Parent Caleres Braces For Tariff Storm With Margins Under Fire
Sep 4, 2025
Caleres Inc. ( CAL ) shares fell after the company posted second-quarter 2025 revenue of $658.5 million, down 3.6% from a year earlier but above estimates of $656.5 million. Adjusted earnings were 35 cents per share, missing the 56-cent estimate. Net income was $6.7 million, or 20 cents per share, compared with $30.0 million, or 85 cents per share, a...
Nasdaq Leads $14.8 Million Funding for Carbon Credit Firm Puro.earth
Nasdaq Leads $14.8 Million Funding for Carbon Credit Firm Puro.earth
Sep 4, 2025
08:24 AM EDT, 09/04/2025 (MT Newswires) -- Nasdaq (NDAQ) said Thursday that it has led an 11 million British pounds ($14.8 million) series B financing for Puro.earth, a carbon credit platform. Nasdaq, which is the majority owner of the firm, said Puro.earth will use the funds to strengthen its infrastructure, allowing for more frequent issuance of carbon removal credits, facilitating...
Great Elm Capital Launches Debt Offering
Great Elm Capital Launches Debt Offering
Sep 4, 2025
08:27 AM EDT, 09/04/2025 (MT Newswires) -- Great Elm Capital ( GECC ) said Thursday it has launched an underwritten public offering of unsecured notes due 2030. The interest rate and other terms of the notes will be determined by negotiations between the company and the underwriters, the company said. Great Elm said it expects to use net proceeds from...
Parsons Wins $81 Million US Army Contract for Enhanced Radar Capabilities
Parsons Wins $81 Million US Army Contract for Enhanced Radar Capabilities
Sep 4, 2025
08:26 AM EDT, 09/04/2025 (MT Newswires) -- Parsons (PSN) said Thursday it won an $81 million task order from US Army for radar engineering. The recompete contract includes a one-year base performance period and four one-year option periods to provide radar engineering services necessary for the the US Army Combat Capabilities Development Command's Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved