MUMBAI | BENGALURU: Larsen and Toubro has offered to retain Krishnakumar Natarajan as the executive chairman of Mindtree if it acquires controlling stake in the mid-tier IT services firm.“Our offer has been clear right from the beginning on the deal with Mindtree. We would like the chairman to continue in his current role which is an executive position,” said AM Naik , chairman of L&T, which is locked in a battle to acquire controlling stake in Mindtree. ET on its Monday edition had reported that the promoters of Mindtree wanted to know the “contours of the independence” being offered by the Mumbaibased engineering conglomerate. “I don’t know what the contours of the independence are. A law expert familiar with the negotiations, however, said, “Mindtree frankly is not in a top bargaining position, and L&T has tried to be as reasonable on the deal as possible.

Source: Economic Times March 26, 2019 02:48 UTC