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L&T may acquire 20% stake in Mindtree: Report

13 Mar 2019 Evaluate

Larsen & Toubro (L&T) is reportedly looking to acquire 20.4% stake owned by Cafe Coffee Day founder’s in Mindtree. This acquisition will help the company to expand its software services business. The acquisition of stake could prompt a hostile takeover bid as the company will have to make an open offer to Mindtree's public shareholders to increase its stake to 51%.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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