L&T will announce the name of the new CEO of Mindtree on August 2, according to a CNBC-TV 18 flash.
The company announced its results for Q1 FY20 on July 23 According to the release, as of June 30, 2019, the company held 28.86 percent of paid-up equity share capital of Mindtree.
Subsequent to acquisition of control, the financials of Mindtree will be consolidated as a subsidiary of L&T from the second quarter of the financial year. The current shareholding of the company in Mindtree is 60.59 percent.
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