L&T buys VG Siddhartha, Coffee Day stake in Mindtree for ₹3,210 crore

New Delhi: Infratsructure major Larsen & Toubro has purchased around 20% stake of V.G. Siddhartha and Coffee Day in Mindtree through block deal for about ₹3,210 crore.

According to data available at the BSE, L&T bought 3.27 crore shares held by Siddhartha and Coffee Day Trading Limited on Tuesday.

The infrastructure major is in fray to buy up to 66% stake in the Mindtree for around ₹10,800 crore.

L&T has entered into a deal to buy Cafe Coffee Day owner Siddhartha’s 20.32% stake in Mindtree and has also placed an order with brokers to pick up another 15% of the company shares from the open market for about ₹2,500 crore.