In March, L&T bought a fifth of Mindtree from coffee baron V G Siddhartha and companies
related to him for Rs 32.69 billion ($474.73 million) and said it planned to raise its stake to 66 per cent.
As of March 19, Mindtree founders, including Executive Chairman Krishnakumar Natarajan and Chief Executive Rostow Ravanan owned a combined 13.3 per cent stake in the company.
Since March, L&T kept buying stake in Mindtree from its promoters and through an ongoing open offer. Mint reported Singapore-based Nalanda Capital on Monday sold its entire 10.61 per cent stake in the IT services firm to L&T in the offer.
Mindtree was not immediately available to comment, while L&T declined to comment on the matter.