The shares were pledged by Coffee Day Enterprises.
"(A total of) 1,10,19,467 equity shares (6.71 per cent stake) were pledged in favour of IDBI Trusteeship Services Ltd... have been released pursuant to the instruction of various debenture holders of various NCDs issued," Mindtree said in a filing to the exchanges.
IDBI Trusteeship Services Ltd is the debenture trustee for various Non-Convertible Debentures (NCDs) issued by Coffee Day Enterprises Ltd.
Coffee Day Enterprises had pledged the shares of Mindtree.
The pledged shares were released on March 30, 2019, as per the filing.
Subsequent to these deals, L&T would make an open offer to buy additional 31 per cent stake through an open offer that is scheduled to open May 14.
Shares of Mindtree closed flat at Rs 979.30 on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)