L&T boss defends Mindtree takeover, says it's not hostile
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AM Naik, the chairman of Larsen and Toubro, has defended the company's move to take Mindtree last week. He said that the takeover was not hostile and that Mindtree shareholders have approached L&T first and only then they started their discussions and negotiations. He also said that L&T does a lot for their employees that Mindtree ever did for theirs. This is the 1st time Naik came into the front to talk about the takeover.