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L&T Makes Open Offer To Buy 31% Stake In Mindtree For Rs 5,030 Crore

Shares in Mindtree ended 1.1 per cent higher at Rs 950.55 apiece on the BSE on Tuesday, while L&T settled 0.4 per cent lower at Rs 1372.10.

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L&T Makes Open Offer To Buy 31% Stake In Mindtree For Rs 5,030 Crore

L&T said it has offered to buy 51.3 million Mindtree shares at Rs 980 apiece


Conglomerate Larsen & Toubro (L&T) made an open offer on Tuesday to acquire a 31 per cent stake in IT services firm Mindtree for Rs 5,030 crore ($730.20 million).

L&T said it has offered to buy 51.3 million Mindtree shares at Rs 980 apiece.

Shares in Mindtree ended 1.1 per cent higher at Rs 950.55 apiece on the BSE on Tuesday, while L&T settled 0.4 per cent lower at Rs 1372.10.

($1 = Rs 68.8850)

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