Indian conglomerate L&T set to acquire tech firm Mindtree for $2.35b

Photo: Reuters

Engineering-to-construction conglomerate Larsen and Toubro Ltd. (L&T) is set to take over Bengaluru-based IT services firm Mindtree Ltd. by buying the 20.4% stake held by Café Coffee Day (CCD) founder V G Siddhartha along with his two Café Coffee Day affiliate firms in Mindtree.

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