L&T will be categorised as a promoter in Mindtree, the company said.

Mindtree Ltd said on Wednesday that conglomerate Larsen & Toubro Ltd has acquired a 60.06 per cent stake in the Indian IT services company.

L&T will be categorised as a promoter in Mindtree, the company added.

The report comes within months of Mindtree rejecting a hostile takeover bid from L&T, saying that the plan was of no value for the company or its shareholders.