L&T pays Mindtree shareholders for shares accepted in open offer

New Delhi: Construction major Larsen & Toubro, which holds over 60 per cent stake in Mindtree, said on Tuesday it has made payments to shareholders who tendered their shares successfully in the recently-concluded open offer.

“…we wish to inform you that Larsen & Toubro has today made payment of consideration to the shareholders of the target company (Mindtree) who have tendered their shares in the open offer, in respect of the equity shares which have been accepted in the open offer and returned the equity shares which have not been accepted in the open offer to the demat accounts of the respective shareholders,” L&T said in a regulatory filing.