L&T buys Mindtree shares worth Rs 113 cr via open market in takeover bid

L&T is in fray to buy up to 46 per cent more stake in Mindtree.

Infrastructure major Larsen & Toubro Monday bought shares worth about Rs 113 crore of Mindtree through open market transactions.

According to the bulk deal data available with the NSE, L&T bought over 11.52 lakh shares, or 0.75 per cent, worth Rs 112.91 crore with the average price being Rs 979.94 per scrip.

However, the seller could not be ascertained immediately. Last week, L&T had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.

Post this transaction, the infrastructure major is in fray to buy up to 46 per cent