Larsen & Toubro Has Received Approval From Capital Market Regulator SEBI

Larsen & Toubro has received approval from capital market regulator SEBI for Mindtree open offer, reports CNBC-TV18 quoting sources.

Sources said L&T is likely to launch Mindtree open offer by June 18 and to bring in open offer at Rs 980 per share, the closing price on May 30.

The engineering and infrastructure major currently owns 29 percent stake in Mindtree.

L&T is yet to respond to CNBC-TV18's query w.r.t Mindtree open offer.

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