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.
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 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.