 "Tech Mahindra")
Fairfax edges past L&T Infotech, Tech Mahindra in race for Mindtree stake
With the founders of Mindtree reluctant to cash in their holdings, Prem Watsa-owned Fairfax is learnt to be leading the race to acquire V G Siddhartha’s stake in the Bengaluru-headquartered IT services firm, sources in the know said. Currently, Siddhartha holds close to a 21 per cent stake through various entities, while the founders of Mindtree — Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan and Rostow Ravanan — hold around 13 per cent in the company. Click here to read.
Staring at revenue shortfall, I-T dept
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