Mindtree panel ropes in Khaitan and Co, ICICI Securities as advisors

The independent directors’ committee formed by IT company Mindtree to look into the “unsolicited open offer” by Larsen & Toubro on Tuesday roped in ICICI securities and Khaitan and Co as independent advisors.

The committee has been formed to give its recommendations on the open offer for the consideration of shareholders.

Lead independent director Apurva Purohit, who is also Jagran Prakashan’s President, in a statement said, “The Committee held its first meeting today and has appointed Khaitan and Co. as its independent legal counsel and ICICI Securities Limited as its independent financial advisors to provide assistance in the matter.

“The written reasoned recommendations on the open offer shall be provided within the timeline and as per the guidelines laid down by SEBI.”