India: L&T builds up Mindtree stake to 26% as marquee investors exit

Photo: Reuters

Larsen and Toubro Ltd (L&T) has scooped up more shares of Mindtree Ltd on Thursday to raise its total ownership in the software services firm to 26%, two people aware of the transactions said, crossing the 25% mark that ensures L&T gets a board seat and the power to propose or block special resolutions.

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