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L&T unveils Rs 11kcr unsolicited bid for Mindtree

The $18 billion diversified conglomerate Larsen & Toubro (L&T) has unveiled a Rs 10,669 crore bid for Mindtree as part of its strategy to “focus on services and assetlight businesses to drive profitable future growth”. L&T has also placed an order with its broker for an additional 15% of Mindtree at the same price of Rs 980 apiece.

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