L&T acquires 27,000 shares of Mindtree, raises shareholding to 28.88%

Infrastructure major Larsen and Toubro (L&T) on Thursday acquired about 27,000 shares of Mindtree from open market, raising its shareholding in the IT services firm to 28.88 per cent, according to a regulatory filing. "Larsen and Toubro Ltd has acquired 26,974 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 30, 2019," a BSE filing by Mindtree said. After the latest transaction, L&T's shareholding in Mindtree stands at 28.88 per cent. The latest stock purchase was made at Rs 980 apiece. Earlier this month, L&T purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from open market. On Monday, L&T had acquired 2.3 lakh shares of Mindtree, followed by an additional about 4.5 lakh shares over the next two days from the open market. In the week of May 20-24, L&T had purchased shares worth over Rs 316 crore. In all, the ...

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