L&T to buy stake in Mindtree from CCD founder, affiliate firms

L&T’s sale of its non-core assets comes at a time when Indian companies, especially infrastructure developers, are selling assets. Photo: Priyanka Parshar/Mint

Larsen and Toubro Ltd on Tuesday formalized its stake purchase in Mindtree Ltd from Café Coffee Day (CCD) founder V.G. Siddhartha and two CCD affiliate firms for ₹3,218.32 crore and is now looking to buy at least 6% more from the open market within a week.

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