Infrastructure major Larsen & Toubro Monday bought shares worth about Rs 113 crore of Mindtree through open market transactions. According to the data available with the NSE, L&T bought over 11.52 lakh shares, or 0.75 per cent, worth Rs 112.91 crore with the average price being Rs 979.94 per scrip.
L&T had purchased around 20 percent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
L&T had signed a deal to buy Cafe Coffee Day owner Siddhartha’s 20.32 per cent stake in Mindtree and also placed an order with brokers to pick up another 15 percent of the company shares from the open market for about Rs 2,500 crore.
Mindtree’s promoters had called L&T bid as hostile and raised corporate governance issues at L&T and culture difference between the two companies.
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