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L&T buys 73,953 shares of Mindtree, hikes shareholding to 26.53%

L&T's shareholding in Mindtree rises to 26.53 per cent.

L&T Group Executive Chairman A M Naik
L&T Group Executive Chairman A M Naik.

Infrastructure major Larsen and Toubro (L&T) on Monday acquired 73,953 shares of Mindtree from open market, taking its shareholding in the IT services firm to 26.53 per cent, according to a regulatory filing. "Larsen and Toubro Ltd has acquired 73,953 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 20, 2019," a Mindtree filing said. After the latest transaction, L&T's shareholding in Mindtree stands at 26.53 per cent. The latest stock purchase was made at Rs 979.99 apiece. Earlier this month, L&T purchased around 20 per cent stake of V ...