L&T acquires additional 2% stake in Mindtree; takes total holding to 26%

L&T had earlier purchased around 20% stake of V G Siddhartha and Coffee Day in Mindtree through a block deal.

Larsen and Toubro (L&T) has acquired another 2 per cent stake in Mindtree by purchasing shares from the open market, taking its overall holding in the mid-sized IT company to 25.93 per cent, according to a regulatory filing.

"This is to inform you that, Larsen and Toubro Ltd has acquired 33,05,775 equity shares (with face value of Rs 10 each) of Mindtree Ltd, since its last disclosure...made on May 8, 2019," L&T said in a filing.

The mode of the acquisition was open market purchases and L&T's holding after the said purchase stood at 25.93 per cent, compared to 23.92 per cent