L&T buys 13,440 shares of Mindtree, expands shareholding to 26.48%

On Thursday, L&T had acquired 8.86 lakh shares of Mindtree from the open market

Infrastructure major Larsen and Toubro (L&T) on Friday acquired 13,440 shares of Mindtree from the open market, as per a regulatory filing.

Earlier this month, L&T had 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 the open market.

"Larsen and Toubro Ltd has acquired 13,440 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 16, 2019," a Mindtree filing said.

After the latest transaction, L&T's shareholding in Mindtree stands at