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L&T buys 25,000 equity shares of Mindtree; raises holding to 28.90%

L&T, which has been pursuing a hostile takeover of Mindtree, has expressed its intent to ramp-up its shareholding up to 66 per cent

A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
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A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai

Press Trust of India New Delhi
Infrastructure major Larsen and Toubro on Thursday acquired 25,000 equity shares of Mindtree Ltd, taking its total holding in the mid-tier IT firm to 28.90 per cent, as per a regulatory filing.

The development assumes significance as L&T has been steadily increasing its holding in the Bengaluru-based tech firm where it acquired around 20 per cent stake of V G Siddhartha and Cafe Coffee Day, recently.

L&T, which has been pursuing a hostile takeover of Mindtree, has expressed its intent to ramp-up its shareholding up to 66 per cent.

"This is to inform you that Larsen and Toubro Ltd has acquired 25,000 equity

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