The construction major's takeover of Mindtree had marked the first hostile acquisition in the country's IT space, and L&T now holds 60.06% stake in the IT firm.
L&T was categorised as the new promoter of Mindtree earlier this month
Mindtree AGM: L&T CEO tells IT firm shareholders company will be operated 'at arm's length' from group's entities
L&T CEO and MD S N Subrahmanyan addressed the shareholders of Mindtree for the first time after the takeover on Tuesday
L&T takeover impact: Mindtree's Executive Vice President Kamran Ozair quits within a week after three founders of IT firm resign
Within days of L&T gaining control of Mindtree, the IT firm's Chief Executive Officer Ravanan, Chairman Natarajan and Vice Chairman Parthasarathy quit.
The Mindtree founders had vehemently opposed the L&T bid, terming it hostile and as a grave threat and value destructive to shareholders.
Nalanda Capital sells entire 10.61% stake in Mindtree to L&T; paves way for construction major to increase its stake to over 51%
Pulak Prasad led-Nalanda Capital sold its whole stake worth Rs 1,707.46 crore to L&T in an ongoing open offer for shareholders of Mindtree
Bagchi had resigned as the head of Odisha's Skill Development Authority and made a comeback to Mindtree.
L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid
L&T entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32% stake in Mindtree and had also placed an order with brokers to pick up another 15% of the company shares from the open market.
Mindtree board evaluating 'several options' to stave off L&T's hostile takeover bid, says Chairman Krishnakumar Natarajan
Asserting that "independence" of Mindtree is important, Natarajan, one of the company's promoters who had opposed L&T offer, said there is nothing about individuals.
Mindtree promoters allege money offered to them to give away firm; say won't yield to L&T's hostile bid silently
In the country's first hostile takeover bid in the IT sector, Larsen & Toubro on Monday made an offer to buy up to 66 percent stake in the Mindtree for around Rs 10,800 crore, reported PTI.
L&T makes offer to buy up to 66% stake in Mindtree for Rs 10,800 crore; IT firm to remain independent listed entity
L&T has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32 percent stake in Mindtree and has also placed an order with brokers to pick up another 15 percent
Coffee Day Enterprises founder VG Siddhartha may offer alternative security to release attached Mindtree shares
The I-T department has attached a portion of shares held by Siddhartha and Coffee Day Enterprises Ltd in IT firm Mindtree over a potential tax demand.
Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept
Coffee Day Enterprises promoter V G Siddhartha, who owns about 21% stake in Mindtree, is said to be in advanced discussions with various entities to sell his shares in the IT company.
Coffee Day founder VG Siddhartha in talks to sell stake in Mindtree; L&T Infotech may close the deal
Siddhartha is the single largest shareholder in the mid-size IT services headquartered in Bengaluru
Mindtree is looking for locations in the mid-west area in Michigan and Ohio and will decide on the place in the second half of this year.