A 26% stake in Mindtree will entitle L&T to get a dividend income of ₹102 crore. L&T also said it would buy 15% stake in Mindtree separately from the open market. “In the next one week, L&T should be able to complete buying the crucial 26% stake in Mindtree. However, since L&T’s stake purchase falls on a day beyond the record date for the interim dividend, L&T will not be entitled to receive any interim dividend. The dividend payout, if cleared by shareholders, will be the highest ever dividend paid by Mindtree since its inception two decades ago.

Source: Mint April 30, 2019 18:45 UTC