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Sunday 2 June 2019

Why is top investor Nalanda against L&T?

What is spurring Nalanda Capital founder and feted investment manager Pulak Chandan Prasad to fight a lonely battle with Larsen & Toubro? Prasad, a former McKinsey and Warburg Pincus head, who made a big killing in the early days of private equity investing in India, is rallying some Mindtree investors for a pyrrhic victory: Make L&T pay a better price for the mid-tier IT services company, after resisting the hostile takeover appears to be a lost cause.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IcPa5X
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