Mindtree founders resist as Siddhartha’s exit sparks M&A jitters

Siddhartha, through multiple entities, owns about 21% in Bengaluru-based Mindtree, while its founders — Subroto Bagchi, N S Parthasarathy, Krishnakumar Natarajan and Rostow Ravanan — together hold around 13% stake. Siddhartha’s interest in Mindtree does not come with any management rights or even a board seat (he quit earlier this year).

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