L&T buys 1,168 Mindtree shares, stake up to 25.94%

NEW DELHI: Infrastructure firm Larsen and Toubro (L&T) has acquired 1,168 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 25.94%, according to a regulatory filing. “Larsen and Toubro Ltd has acquired 1,168 equity shares (with face value of ₹10 each) of Mindtree Ltd on May 14, 2019,” the company said in a filing. The latest stock purchase was made at ₹972 apiece. Earlier this month, L&T had purchased around 20% stake of VG Siddhartha and Coffee Day in Mindtree through a block deal for about ₹3,210 crore, and has since topped that up with share purchases from the open market. On May 9, L&T announced the acquisition of an additional 2% stake in Mindtree.