MindTree Ltd.

NSE: MINDTREE | BSE: 532819 | ISIN: INE018I01017 | Industry: IT Consulting & Software
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MindTree Ltd.
MindTree Ltd.
20 Mar 2019
ICICI Securities Limited
Larsen & Toubro (L&T;) has entered into a definitive agreement to acquire the shares of MindTree Ltd. L&T; would buy a 20.32% stake in MindTree at | 980 per share aggregating to | 3269 crore. The shareholding of 20.32% corresponds to the holding of VG Siddhartha and entities related to him in MindTree. The company has made an offer to buy an additional stake of up to 15% through on market purchases of 2.48 crore shares at a price of not more than | 980/share amounting to | 2434 crore. Further, L&T; would make a tender offer of up to 31% of the voting share capital (5.13 crore...
MindTree Ltd. has an average target of 3837.00 from 1 broker.
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