Larsen & Toubro raises Mindtree stake to 26%

Industrial conglomerate Larsen & Toubro Ltd bought an additional 2 percent stake in Mindtree Ltd, raising its total ownership to 26 percent, the IT services firm said on Thursday.

L&T bought a 20.3 percent stake in Bengaluru-based Mindtree in March, starting a hostile takeover bid rarely seen in India.