L&T acquires 8.86 lakh shares of Mindtree; takes overall holding to 26.48% - News Summed Up

L&T acquires 8.86 lakh shares of Mindtree; takes overall holding to 26.48%


NEW DELHI: Infrastructure major Larsen and Toubro (L&T) has acquired 8.86 lakh shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 26.48%, according to a regulatory filing. "Larsen and Toubro Ltd has acquired 8,86,438 equity shares (with a face value of ₹10 each) of Mindtree Ltd on May 16, 2019," a Mindtree filing said. On Tuesday, L&T had acquired 1,168 shares of Mindtree from the open market that had taken its holding to 25.94%. L&T had proposed to buy additional stake in Mindtree through an open offer that was slated to begin on May 14 and close on May 27. Shares of Mindtree ended at ₹980.25 apiece on the BSE on Thursday, 0.53% higher than the previous closing.


Source: Mint May 16, 2019 14:15 UTC



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