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Mindtree is not being snatched, coming under bigger tree: L&T CEO & MD

L&T's Managing Director & Chief Executive Officer S N Subrahmanyan also said the company was in safe hands with the engineering major as the promoter

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L&T Chief Executive and MD S N Subrahmanyan

3 min read Last Updated : Jul 16 2019 | 11:41 PM IST

Assuaging concerns of Mindtree shareholders, its new promoter L&T on Tuesday said it was fully supportive of the dividend payout decision taken up by the firm’s current management.

Attending the 20th annual general meet (AGM) of the Bengaluru-headquartered information technology services firm, L&T’s Managing Director & Chief Executive Officer S N Subrahmanyan also said the company was in safe hands with the engineering major as the promoter.

“One of the shareholders said we have objected to the dividend (payout). On the contrary, we have fully supported the dividend,” said Subrahmanyan. “Mindtree is not being snatched and it comes

Topics : L&T Mindtree

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