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L&T's open offer for Mindtree commences today

Infrastructure major Larsen & Toubro's Rs 5,030 crore open offer for an additional 31 per cent stake in IT firm Mindtree will commence today. The open offer, at a price of Rs 980 per share, closes on June 28, 2019. L&T has till now acquired 28.90 per cent stake in the IT firm, and if the open offer is fully subscribed, will take its shareholding to about 60 per cent. L&T is aiming for about 66 per cent ownership of Mindtree for over Rs 10,700 crore.

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