L&T buys V G Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 cr

Infratsructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.

According to data available at the BSE, L&T bought 3.27 crore shares held by Siddhartha and Coffee Day Trading Limited on Tuesday.

The infrastructure major is in fray to buy up to 66 per cent stake in the Mindtree for around Rs 10,800 crore.

L&T has entered into a deal to buy Cafe Coffee Day owner Siddhartha's 20.32 per cent stake in Mindtree and has also placed an order with brokers