L&T acquires 1,168 shares of Mindtree

New Delhi: Infrastructure major Larsen and Toubro (L&T) has acquired 1,168 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 25.94 per cent, according to a regulatory filing.

“Larsen and Toubro Ltd has acquired 1,168 equity shares (with face value of Rs 10 each) of Mindtree Ltd on May 14, 2019,” the company said in a filing. The mode of the acquisition was open market purchases and L&T’s holding after the said purchase stood at 25.94 per cent. The latest stock purchase was made at Rs 972 apiece.