Mind completely occupied with Mindtree acquisition; will make it a big firm: A M Naik

NEW DELHI: Acquisition of MindtreeNSE 0.28 % is the topmost agenda for infrastructure giant Larsen & Toubro at the moment and eventually the mid-sized IT firm is going to be transformed into a big company, L&T Group Chairman A M Naik said.

The USD 20 billion conglomerate, which has taken its overall holding in Mindtree to about 26 per cent, will launch the open offer to buy additional stake in around 10 days, he added.

“We continuously look for opportunities as they come by, but right now our mind is completely occupied on Mindtree and I hope we will be able to eventually make this into a big company as well,” Naik told PTI in an exclusive interview here.