Mindtree gets battle-ready as Siddhartha finalises his exit

Siddhartha, the largest shareholder of Mindtree, decided to cash out after monthslong wait to carry the founders along as part of a broader M&A deal. The four founders-—Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan and CEO Rostow Ravanan, who together own around 13%—have rebuffed plans to sell or merge Mindtree to buyout funds or rival IT companies.

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