How much did Klaviyo IPO for?
Larsen & Toubro (L&T), a major Indian multinational engineering and construction conglomerate, executed a hostile takeover and subsequent acquisition of a controlling stake in mid-tier IT services firm Mindtree, paying approximately 10,733 crore Indian rupees (roughly 1.5 billion US dollars) to aggregate its majority shareholding. L&T acquired shares through open market purchases, block deals, and a mandatory open offer to buy out public shareholders at 981 rupees per share. This multi-billion-dollar corporate takeover allowed L&T to significantly expand its footprint in the technology services and digital consulting sector.
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