Why is top investor Nalanda against L&T? http://bit.ly/2WAedJq - Walletnews For Me

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Sunday, June 2, 2019

Why is top investor Nalanda against L&T? http://bit.ly/2WAedJq

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.
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