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Technology

India's L&T offers to buy 31 pct stake in MindTree for $730.2 mln

March 26 (Reuters) - Indian conglomerate Larsen & Toubro Ltd (L&T) made an open offer on Tuesday to acquire a 31 percent stake in IT services firm MindTree Ltd for 50.30 billion rupees ($730.20 million).

L&T said it has offered here to buy 51.3 million MindTree shares at 980 rupees apiece.

$1 = 68.8850 Indian rupees Reporting By Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips

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