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Tuesday, December 18, 2018

Mindtree founders resist as Siddhartha’s exit sparks M&A jitters

Coffee Day founder V G Siddhartha, through multiple entities, owns about 21% in Bengaluru-based Mindtree, while its founders — Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan and Rostow Ravanan — together hold around 13% stake. Siddhartha has met potential buyers to seek an exit but has been asked to bring the support of the founders too.

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