Larsen & Toubro Ltd.

Larsen & Toubro (L&T) has acquired a majority 60 per cent stake in Mindtree after its open offer to buy 31 per cent shares got over-subscribed. The company had bought 20.32 per cent shares in Mindtree from V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March and subsequently made an open offer to buy an additional 31 per cent stake.

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