New Delhi, March 19 -- Larsen & Toubro has entered into a definitive share purchase agreement (SPA) with coffee baron V G Siddhartha and his related entities to acquire 20.32 per cent stake in Mindtree, a global technology services and digital transformation company. The entities include Coffee Day Trading and Coffee Day Enterprises. L&T will purchase this stake at a price of Rs 980 per share aggregating to about Rs 3,269 crore. Immediately after the filing of public announcement late on Monday, L&T placed an order with its broker for on-market purchase of up to 15 per cent of share capital of Mindtree at a price not exceeding Rs 980 per share.
After execution of the SPA, the market order for share purchase and with the intent to acquire m...