L&T makes 5,029-crore open offer for 51 mn Mindtree shares at 980 each
Infrastructure major Larsen and Toubro on Friday announced an open offer for 51.3 million shares or 31% stake of mid-tier IT company Mindtree at 980 per share, according to a regulatory filing. L&T will have to shell out 5,029.8 crore for the planned open offer for the Bengaluru-based company.
Mindtrees equity base comprises 164.21 million shares with Mindtree holding 28.9% of them as of 6 June, according to exchange filings.
"Larsen and Toubro makes a cash offer of 980 per fully pai...