Source: Letter to Employees by Mindtree Founder, Subroto Bagchi
I think this country needs more hostile takeovers not less.
If the Founders want to retain control of Mindtree, they should up the ante and make a better offer to the shareholders.
This saga reminds me of one of my favourite movie clips:
Hat Tip: D Kapadia
Amusing to see a company being acquired before it is incorporated !
Some stuff I am reading today morning:
On the Embassy Office Parks REIT IPO (Manoj Nagpal)
Corporate Battle looms at Mindtree (BS)
A brief account of hostile takeovers in India (ET)
Whistle Blower Letter on SREI (MC)
Jet Airways crisis worsens (Mint)
Ericsson teaches Anil Ambani and India a lesson (BS)
Big is Better (Amit Jeswani)
Trade like you are on a diet (DR)
We all make mistakes (Of $ and Data)
Chinese feel threatened by India’s ‘Boycott China’ (Global Times)
What do you do when you have a lot of money?
You pay an SM company to trend #MukeshNitaSaveAnil and subtly humiliate your brother. Obviously. pic.twitter.com/OepXcQs8Nj
— meghnad (@Memeghnad) March 19, 2019