Mindtree independent directors’ panel appoints external advisors

In its first meeting held on Tuesday, Mindtree’s Committee of Independent Directors (IDC) appointed Khaitan and Co as legal counsel and ICICI Securities as the financial advisor to provide assistance on Larsen & Toubro’s (L&T’s) open offer.

The board of the Bengaluru-headquartered IT services firm had, on March 26, decided to form the IDC as part of a regulatory requirement, which would provide its reasoned recommendation on the open offer.

“The Committee held its first meeting today (Tuesday) and has appointed Khaitan and Co as its independent legal counsel and ICICI Securities as its independent financial advisor to provide assistance in the matter (L&T’s open offer),” Apurva Purohit, Chairperson of Committee of Independent Directors at Mindtree, said in an email.