We made an offer to Siddhartha at same price, but he chose L&T: Mindtree CEO

As Mindtree board shelves the share buyback plan , there are limited options available to Mindtree to remain independent and avoid a hostile takeover from L&T. In a conversation with BusinessLine, Mindtree CEO Rostow Ravanan said the company is evaluating multiple options. Excerpts:

Now that the board has shelved the buyback plan, what options are you left with?

There are many options that we are pursuing. You can understand that I can’t share that with anybody in the media at this stage. But, fundamentally, all with the objective saying what can we do to ensure that the culture and strategy of Mindtree do not get disturbed because it is that culture and strategy in combination have delivered superior results for all our stakeholders.