 "Mindtree campus")
Engineering major L&T is likely to launch its open offer for Mindtree shareholders on the second week of June as sources in the know said the company had already received market regulator Sebi’s approval for the same. “The open offer is likely to be launched on June 17 and may stay open till June 28 of this year,” sources in the know said.
The Mumbai-based conglomerate is already behind the schedule in launching its open offer as it exceeded the 55-day time line fixed under Securities and Exchange Board of India (Sebi) regulations in this regard. According to the public announcement
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