Mindtree LImited:Hostile Acquisitions

The chiarman of Mindtree had set a target of achieving $ 1 billion in revenue by 2014. Did the company achieve this target?

• Yes

• No

VG Sidharth had been very critical of the management of Mindtree and would often criticise then for missing quarterly targets

• Yes

• No

A few years before the stake sale by VG Sidharth to L&T. Mindtree had also approached L&T with a stake acquisition offer.

• Yes

• No

What are the potential reasons for L&T to consider the Mindtree acquisition

• Poor performance of its IT operations

• Mindtree would help it to gain scale

• The acquisition would enable it to better deploy its surplus cash

The founders of Mindtree proposed a share buy back to increase the promoters stake. Did this meet with the board approval?

• Yes

• No

L&T's open offer for Mindtree shares failed as the premium over the prevailing market price was very low

• True

• False

Which of the following were co-founders of Mindtree

• Subroto Bagchi
• N Krishnakumar
• VG Sidhartha
• Ashok Soota

Do you believe that Hostile Acquisitions are bad for the Company

• Yes
• No
• Depends on the situation