L&T buys stake in Mindtree via open market
7th May 2019

Larsen & Toubro (L&T) has bought shares worth about Rs 113 crore of Mindtree through open market transactions. Post this transaction, the company is in fray to buy up to 46 per cent more stake in Mindtree.

The company had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.