This is hilarious... ..."share is not a commodity , it is a belonging and attachment " at 5:54 in this video by desi Warren buffett LOL ..seriously :-) ..did the founders ever explain why they diluted their equity in the company so much that they had no holding left...poor CCD guy actually could not even make it ..how abt when MT acquired Aztec ?? Truth is ppl who really *worked* in company will work , may be get a better pay with the brand..ppl who knew nothing but became managers /delivery heads bcos of their *affinity* and *language* they speak would be shown the door ( and rightfully so)....
Arnab goshwami seriously needs to undergo crash coarse from frank in order to mediate the things in a better way...thanks for the fruitful discussion...
Frank ask very generic questions what, why , which,whom etc....unlike arnub Frank doesn't have any knowledge of the topic being discussed.....arnub has detailed knowledge .only bad thing is he is into TRP and is opinionated.
@@deepanshugupta9144 Well that's his take on journalism. He believes that a journalist needs to have his own opinion. It's just that he is a bigot but as a student of journalism and as a knowledgeable person he is par excellence. Frank on the other hand adheres to a code of conduct which is expected of a govt news channel anchor and in fact his presentation is commendable. No wonder people like Neelu Vyas don't appear frequently in big picture. I watched her once and it happened to be a disaster.
hostile takeover: when minority shareholders are not allowed to exit during change of ownership or control. This happens when an open offer is not made to all the stakeholders according to SAST regulations of SEBI. I don't know what the first panelist is blabbering about. The anchor should have called a company secretary or corporate lawyer rather than journos or marketing/it experts for such discussions.
From my earlier understanding hostile takeover is when a big company starts buying shares to a point where it becomes the major shareholder. Without undergoing any agreement. What they do in case of hostile takeover is they start selling their best assets, but given the service sector human capital and reputation is their asset..
If LnT is ready to invest 11 thousand crores to acquire a mid sized it company, how do they believe this investment will fetch as a return and when. Their biggest risk will be that of retaining the Clients of Mindtree, the employees who have built the company, besides it's own reputation. While they may have tried to acquire Satyam in 2009 and not succeed,. It's surprising that they did not acquire any other IT company in the last 10 years
Mr. Parera wanted to know what exactly is a hostile takeover but the pinpoint answer was missing from the panel. What i understand about the term as per my limited understanding is that whenever M&A happens it generally happens with the consent of Board of both the sides and then modalities are finalized with mutual consent of the Board after careful evaluation of the synergies. Here, in this case, acqistion of majority stake is the unilateral decision of L& T which doesn't have a consent of the Board of mindtree and hence is unethical and hostile in nature. Its like, what they say, might is right.
Adding to your point. Vg Sidhartha , promoter of CCD wants to sell his 20.4% share in mindtree to l & t. He has his own shares of debts so he wants to sell his shares on the contrary other founders are not happy with the take over bid. Its not merger per se its hostile acquisition. Its isn't illegal but immoral.
@@06madhav Unilateral decisions can be taken, and this is what a hostile takeover is all about. A company (sp. listed) has many categories of shareholders viz. FIIs, Institutional, Retail etc. Generally promoter has more than 51% of shareholding in a corporation. but in the instant case promoter group has only 13% s/h in mindtree. So now if you want to acquire a majority stake u'll have to just offer a higher price, than what is prevailing in the market, to the public at large (87%) and they will tender their shares to you, after all they are investors and want returns. No need to go to the board and take approval. Here Mr. Sid has 20% stake and he simply sold it to L&T. Now second part, even if promoter don't want to sell their 13% they can do so but L&T can acquire additional 4.99% (i.e. upto 24.99%) from the market which it did by placing order with brokers for additional 10% shares. SEBI laws put a cap on acquiring shares without open offer which is 25% after which you can't buy shares from market without going for an open offer of 26%. So LT will acquire 20% from mr. sid. made an open offer of 33% to public shareholders @980/share. and 10% from direct purchase through its stock brokers. this way it will get 63% shareholding without going to the Board of mindtree at all. rest you can imagine.
We can't simply say that it is an immoral deal because that lacks merit when we look at it from business perspective. We should look at the growth synergies between L&T's IT firms and Mindtree before arriving at any conclusion. Manu Seth sir gave more practical and sensible comments.
What culture are they talking about for Mindtree? I have worked in Mindtree, and I have no idea what culture these guys are talking about. It'd be better for mindtree I believe.
Then you should also give a perspective as to how he is wrong. I get your point by the way, mindtree might not have a similar kind of culture as he is describing but the matter of fact is that a lot many start ups do, so if this kind of hostile takeover is allowed to go on , certain other startups will be in the orbit of this conquest sooner or later.
True, in the name culture trying to escape the merger . The founders are concerned that's it .Which college campus recruited persons would know about the culture is good or Nazi which they have in Kalinga campus in Orissa for campus minds
@@Ask35720 The only thing he is doing is lobbying on behalf of the current executives of Mindtree. They are very cunning guys to send people on national TV to play the victim card. Only people in loss are them. No one else,
In my opinion if small companies not innovating and just writing software code for foreign companies ! they should work under companies like L&T so they can put indian companies on world map !! plus L&T doing very good R&D in defence sector
Thanks to all,its my experience as customer when i port my no from airtel to jio,,my situation was same..it took 6 month for final dicision.. different topic.sorry
Mr Manu companies are also built with emotions. If tomorrow Xyz(a multi millionaire) comes and asks to buy ABC's(startup/middle-class) son , then what should do ABC as a father do? Sell his son assuming his son will be a part of a rich family. Emotions matters Mr.Manu! And Mr. Jiten is very correct. The word practicality or being practical is not the correct word always. What about moral? What about bonding? What about sentiments? What about feelings? Only being practical is everything? Hah!
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
Why do I feel that this is the ideal way to have a TV group debate ? The Republis and ETs of the world need to learn from these channels
This is hilarious... ..."share is not a commodity , it is a belonging and attachment " at 5:54 in this video by desi Warren buffett LOL ..seriously :-) ..did the founders ever explain why they diluted their equity in the company so much that they had no holding left...poor CCD guy actually could not even make it ..how abt when MT acquired Aztec ?? Truth is ppl who really *worked* in company will work , may be get a better pay with the brand..ppl who knew nothing but became managers /delivery heads bcos of their *affinity* and *language* they speak would be shown the door ( and rightfully so)....
Arnab goshwami seriously needs to undergo crash coarse from frank in order to mediate the things in a better way...thanks for the fruitful discussion...
Frank ask very generic questions what, why , which,whom etc....unlike arnub Frank doesn't have any knowledge of the topic being discussed.....arnub has detailed knowledge .only bad thing is he is into TRP and is opinionated.
@@deepanshugupta9144 Well that's his take on journalism. He believes that a journalist needs to have his own opinion. It's just that he is a bigot but as a student of journalism and as a knowledgeable person he is par excellence.
Frank on the other hand adheres to a code of conduct which is expected of a govt news channel anchor and in fact his presentation is commendable. No wonder people like Neelu Vyas don't appear frequently in big picture. I watched her once and it happened to be a disaster.
Never thought that a Business topic will give me bigger knowledge that a Historic topic..#underestimated
hostile takeover: when minority shareholders are not allowed to exit during change of ownership or control. This happens when an open offer is not made to all the stakeholders according to SAST regulations of SEBI.
I don't know what the first panelist is blabbering about. The anchor should have called a company secretary or corporate lawyer rather than journos or marketing/it experts for such discussions.
From my earlier understanding hostile takeover is when a big company starts buying shares to a point where it becomes the major shareholder. Without undergoing any agreement. What they do in case of hostile takeover is they start selling their best assets, but given the service sector human capital and reputation is their asset..
If LnT is ready to invest 11 thousand crores to acquire a mid sized it company, how do they believe this investment will fetch as a return and when. Their biggest risk will be that of retaining the Clients of Mindtree, the employees who have built the company, besides it's own reputation. While they may have tried to acquire Satyam in 2009 and not succeed,. It's surprising that they did not acquire any other IT company in the last 10 years
Mr. Parera wanted to know what exactly is a hostile takeover but the pinpoint answer was missing from the panel. What i understand about the term as per my limited understanding is that whenever M&A happens it generally happens with the consent of Board of both the sides and then modalities are finalized with mutual consent of the Board after careful evaluation of the synergies. Here, in this case, acqistion of majority stake is the unilateral decision of L& T which doesn't have a consent of the Board of mindtree and hence is unethical and hostile in nature. Its like, what they say, might is right.
Adding to your point. Vg Sidhartha , promoter of CCD wants to sell his 20.4% share in mindtree to l & t. He has his own shares of debts so he wants to sell his shares on the contrary other founders are not happy with the take over bid. Its not merger per se its hostile acquisition.
Its isn't illegal but immoral.
True.. sometimes the panel misses to answer to the point thus leaving us with doubts... Nice that you both attempted to explain
But how come a unilateral decision be taken to buy a majority stake? Like, how can you buy if I am not willing to sell?
@@06madhav Unilateral decisions can be taken, and this is what a hostile takeover is all about. A company (sp. listed) has many categories of shareholders viz. FIIs, Institutional, Retail etc. Generally promoter has more than 51% of shareholding in a corporation. but in the instant case promoter group has only 13% s/h in mindtree. So now if you want to acquire a majority stake u'll have to just offer a higher price, than what is prevailing in the market, to the public at large (87%) and they will tender their shares to you, after all they are investors and want returns. No need to go to the board and take approval. Here Mr. Sid has 20% stake and he simply sold it to L&T.
Now second part, even if promoter don't want to sell their 13% they can do so but L&T can acquire additional 4.99% (i.e. upto 24.99%) from the market which it did by placing order with brokers for additional 10% shares. SEBI laws put a cap on acquiring shares without open offer which is 25% after which you can't buy shares from market without going for an open offer of 26%.
So LT will acquire 20% from mr. sid. made an open offer of 33% to public shareholders @980/share. and 10% from direct purchase through its stock brokers. this way it will get 63% shareholding without going to the Board of mindtree at all. rest you can imagine.
We can't simply say that it is an immoral deal because that lacks merit when we look at it from business perspective. We should look at the growth synergies between L&T's IT firms and Mindtree before arriving at any conclusion. Manu Seth sir gave more practical and sensible comments.
Its been such a nice discussion. Every member contributed significantly. I learnt many new things today!👌
Both viewers ( RSTV & Study iq ) ?
haha haan bhai...prashant dhawan !:)
I am✋✋
@@satvik7474 aray bhai bhai 😂🤝🤝
Jiten Jain- You've nailed it 👏
It was really a fantastic discussion
I simply love this channel. Lot of information and non dramatized content. I am a huge fan.
Agreed
Simply love d discussion.. Dis topics are must for New India.
What culture are they talking about for Mindtree? I have worked in Mindtree, and I have no idea what culture these guys are talking about. It'd be better for mindtree I believe.
French bot.
@@KanekiKen-os6yy What?
Then you should also give a perspective as to how he is wrong. I get your point by the way, mindtree might not have a similar kind of culture as he is describing but the matter of fact is that a lot many start ups do, so if this kind of hostile takeover is allowed to go on , certain other startups will be in the orbit of this conquest sooner or later.
True, in the name culture trying to escape the merger . The founders are concerned that's it .Which college campus recruited persons would know about the culture is good or Nazi which they have in Kalinga campus in Orissa for campus minds
@@Ask35720 The only thing he is doing is lobbying on behalf of the current executives of Mindtree. They are very cunning guys to send people on national TV to play the victim card. Only people in loss are them. No one else,
Jiten jain...man u rock!!!
Thanku
mindtree has acquired lot of smaller companies !!
Jiten Jain, Director Voyager Infosec very true !!
CCD would be a better deal...
Jiten Jain- I'm your fan now!! The arguments he put forward are really appealing!! 👍👍
In my opinion if small companies not innovating and just writing software code for foreign companies ! they should work under companies like L&T so they can put indian companies on world map !! plus L&T doing very good R&D in defence sector
Jiten Jain..👍👍
Srijan Pal Singh is enjoying and his points are very good 😂😂
Good show guest n host thanks, this brings RSTV in my fav list on TV
is it the cat killed the parrot? lol!
Manu is a great Opener !
L and T should not purchase the stake of vedanta
Thanks to all,its my experience as customer when i port my no from airtel to jio,,my situation was same..it took 6 month for final dicision.. different topic.sorry
Anchor is sleepy nd he is sleeping....3:10 to 3:20....😂😂
Mr Manu companies are also built with emotions. If tomorrow Xyz(a multi millionaire) comes and asks to buy ABC's(startup/middle-class) son , then what should do ABC as a father do? Sell his son assuming his son will be a part of a rich family. Emotions matters Mr.Manu!
And Mr. Jiten is very correct. The word practicality or being practical is not the correct word always. What about moral? What about bonding? What about sentiments? What about feelings? Only being practical is everything? Hah!
First cmnt and happiness comes from the big picture