Mindtree independent directors’ panel says L&T’s open offer price at Rs 980/share fair, reasonable

NEW DELHI: Independent directors’ panel of Mindtree has said that Larsen and Toubro’s open offer price at Rs 980/share appears “fair and reasonable”. The committee cited the closing market price of Mindtree shares on the stock exchanges on June 10, being “lower than the offer price” and said that L&T’s offer price of Rs 980 a share is in accordance with the regulations and “appears to be fair and reasonable”.
Mindtree shares closed at Rs 975.50 a piece on NSE and Rs 974.65 a share on BSE.