On January 21, 2019, Larsen & Turbo Limited announced that it is going to line up to acquire VG Siddhartha’s (Café Coffee Day founder) stake in Mindtree Limited. L&T stated that Siddhartha is determined to sell his stake soon and has sought binding offers from all suitors. In connection to this, L&T also stated that Siddhartha is been looking to monetize his investments since November 2018 to address his own liquidity issues.