MUMBAI: Larsen & Toubro chairman AM Naik today rubbished reports in a section of the media that his company has appointed Citigroup as investment banker for a possible takeover of Hexaware Technologies.
"We haven't appointed any banker (for Hexaware acquisition) as is reported in papers. We have not even met except once when we met them to ask them whether they will allow us to take part in the process. Their process is long and takes time. They are talking to several international firms as well," Naik told the media this afternoon.
However, Naik, who announced a succession plan for the engineering behemoth earlier in the day, said the company is interested in any and every opportunity and everyone must see possibilities positively.
"We continue to look at opportunities for integration possibility," Naik, who divested part of his responsibility to K Venkataraman as chief executive and managing director earlier in the day, said.
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