Detailed News 02/07/2019
Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further to our letter dated March 18, 2019 informing about acquisition of shares of Mindtree Limited (Target Company), we wish to inform you that Larsen & Toubro Limited ('the Company') has today (i.e. on 2nd July, 2019) made payment of consideration to the shareholders of the Target Company who have tendered their shares in the Open Offer, in respect of the equity shares which have been accepted in the Open Offer and returned the equity shares which have not been accepted in the Open Offer to the demat accounts of the respective shareholders. The Offer opened on June 17, 2019 and closed on June 28, 2019. Consequent to the completion of the Open Offer, the shareholding of the Company in the Target Company, including the shares acquired under the Share Purchase Agreement and the Purchase Order, stands at 60.06% of the total paid-up equity share capital of the Target Company.