Larsen & Toubro may spend about $1 billion in Mindtree takeover bid: Report

The A M Naik-helmed L&T is buying Siddhartha`s nearly 21  percent  stake for over 30 billion rupees, at 981 rupees a share, which will make it Mindtree`s largest shareholder. 

Larsen & Toubro may spend about $1 billion
L&T Ltd would spend up to 70 billion rupees in a hostile bid to buy IT services company Mindtree Ltd, Photo: Reuters

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