A culture shock awaits Mindtree employees under L&T
New Delhi, March 21 -- As engineering conglomerate Larsen and Toubro Ltd (L&T) courses on with its hostile takeover bid for Mindtree Ltd, the first and biggest fear expressed by many analysts and industry executives isn't about fact sheets-it's about the fitment between two culturally diverse companies. The success of any merger or acquisition (M&A deal) depends on a diverse range of synergies. And cultural fitment is especially true of people-led businesses such as IT outsourcing....
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