26 Jan 2026 | 5 Mins Read
Cafe Coffee Day's founder played key role in L&T's Mindtree takeover
Flipitmoney
Café Coffee Day founder V.G. Siddhartha played a key role in the landmark hostile takeover of Mindtree by Larsen & Toubro (L&T) by selling his ~20% stake to L&T at ₹980/share amid financial stress, giving L&T the foothold it needed. Other buyers balked due to pledged shares, so L&T stepped in, triggering the open offer and eventual control despite founder resistance.