L&T set to buy 20.4% in Mindtree, make open offer for another 31%3 min read . Updated: 18 Mar 2019, 12:02 PM IST
- L&T has agreed to pay ₹981 per share to buy the entire stake held by CCD founder V.G. Siddhartha firms
- Larsen and Toubro (L&T) buying out V.G. Siddhartha is likely to value Mindtree at ₹16,250 crore
MUMBAI : Mumbai: Larsen and Toubro Ltd. (L&T) is likely to buy the 20.4% stake held by Café Coffee Day (CCD) founder V.G. Siddhartha along with his two Café Coffee Day affiliate firms in Mindtree Ltd, followed by an open offer to buy an additional 31% stake in the company as early as Monday evening, according to people familiar with the development.
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