financetom
Business
financetom
/
Business
/
L&T looking to induct its representative into the Mindtree board via EGM, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L&T looking to induct its representative into the Mindtree board via EGM, says report
May 3, 2019 1:31 AM

L&T and Mindtree may be heading towards another round of showdown as the engineering conglomerate, the largest stakeholder in the IT firm, is mulling a shareholders' meeting, reported Business Standard.

Share Market Live

NSE

The agenda for the extraordinary general meeting (EGM) is likely to be “governance and inclusion,” the report said citing sources close to the development.

As per the report, L&T will look to induct its representative into Mindtree board through the meeting.

“As the single-largest shareholder, L&T can request the board to have an EGM. But it has to convince the board that such a meet is essential on valid grounds, failing which it may reject the proposal,” a person familiar with the development was quoted as saying in the report.

The development comes after L&T bought 20 percent stake in the Mindtree from Coffee Day founder VG Siddhartha on Tuesday.

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 >
Update: Applied Optoelectronics Shares Rise After Data Center Transceivers Order
Update: Applied Optoelectronics Shares Rise After Data Center Transceivers Order
Mar 24, 2026
02:14 PM EDT, 03/24/2026 (MT Newswires) -- (Updates with recent stock movement in headline and first paragraph.) Applied Optoelectronics ( AAOI ) shares were up 18% in afternoon trading on Tuesday after the company said late Monday it received a new volume order worth over $53 million from a hyperscale customer for 800G data center transceivers to help expand its...
CERAWEEK-Cost to build gas plants has tripled over the last decade, Carlyle energy investment officer says
CERAWEEK-Cost to build gas plants has tripled over the last decade, Carlyle energy investment officer says
Mar 24, 2026
(.) HOUSTON, March 24 (Reuters) - The cost of building gas plants has topped $3,000 per kilowatt, more than tripling over the last decade, Carlyle's energy investment officer said on Tuesday. There's a real increase that's happened, and that's flowing into the power prices in the market today, Matt O'Connor, chief investment officer of international energy at Carlyle, said at...
JPMorgan's Dimon says he is 'a little optimistic' on Iran conflict
JPMorgan's Dimon says he is 'a little optimistic' on Iran conflict
Mar 24, 2026
* War on Iran creates short-term risks, Dimon says * But regional powers have shown desire for peace, he says * Dimon concerned about US's lack of wartime capacity By Mike Stone and Alexandra Alper WASHINGTON, March 24 (Reuters) - JPMorgan Chase ( JPM ) Chief Executive Officer Jamie Dimon said on Tuesday he was a little optimistic about the...
Oklahoma governor names energy executive Alan Armstrong to fill vacant US Senate seat
Oklahoma governor names energy executive Alan Armstrong to fill vacant US Senate seat
Mar 24, 2026
March 24 (Reuters) - Oklahoma's governor said on Tuesday he was appointing energy executive Alan Armstrong to represent the state in the U.S. Senate, filling a vacancy created after Markwayne Mullin was confirmed as U.S. Homeland Security Secretary. * Governor Kevin Stitt announced Armstrong's appointment in a post on X, calling him a staunch conservative who will help advance energy...
Copyright 2023-2026 - www.financetom.com All Rights Reserved