Infrastructure major L&T buys Mindtree shares worth Rs 368 crore

Infrastructure major Larsen & Toubro Wednesday bought shares of Mindtree worth about Rs 368 crore through open market transactions.

According to bulk deal data available with the NSE, L&T bought over 37.53 lakh shares, or 2.28 per cent stake, worth Rs 367.8 crore, with the average price being Rs 979.96 per scrip.

Meanwhile in a separate transaction, one Rekha N Shah sold 26.84 lakh shares of Mindtree for Rs 263 crore.

Mindtree is in the midst of a takeover battle, with Larsen & Toubro (L&T) seeking to take control of the mid-sized IT firm. However, Mindtree’s promoters are opposed to the proposed deal.