L&T knocking at its door, Mindtree board to decide on buyback Tuesday

Bengaluru firm should follow AM Naik's footsteps to thwart L&T's takeover bid

The board of Mindtree, which is meeting in Bengaluru on Tuesday, can take a leaf out of Anil M Naik’s book who successfully thwarted several takeover attempts on Larsen & Toubro (L&T), including those from the Ambanis and the Birlas. 

Soon after thwarting an attempt by Kumar Mangalam Birla, chairman of Aditya Birla group in 2001, Naik, the current chairman of the company, had told employees that L&T should perform so well that its market value should go up substantially. 

The high market capitalisation will make any takeover attempt an expensive proposition for any corporate raider and the 15 per cent stake