Mindtree acquisition is top on L&T’s agenda, says A M Naik

Acquisition of Mindtree is the topmost agenda for infrastructure major 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 $20 billion conglomerate, which holds about 26 per cent stake in Mindtree , 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.