L&T to buy stake in Mindtree

As we know that Mindtree’s war against L&T’ decision to acquire shares (from coffeday owner)… Mindtree promoters are against L&T’s decision …trying to oppose these transaction… action continues…buyback… etc

What differnce it makes if L&T buys shares via market order? Otherthan buying from any shareholder

@Muniz.Reza Most of the things should be clear by evening of 26 march which is tomorrow .L&T has to give a Detailed Public Statement (DPS) which will give information like stake already purchased ,in process from market and open offer price with revision if any plus tentative schedule of offer.this will appear in morning newspapers.
Same day Mindtree too has called a board meeting (after postponing it ) and surely it will take notice of L&T dps .

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OPEN OFFER from 17 June to 28 JUNE @980 per share . the settlement of fund as per schedule is 12 July wherein the ex dividend date is 08 July for rs 24 per share dividend. in most of the cases pay out is done before schedule. WHAT IF SETTLEMENT OF FUND IS MADE BEFORE 08 JULY ? it mean l&t will get rs 24 per share dividend too !
@Muniz.Reza @RahulKhanna @dheeraj @Newbie420 @Shivam_Gupta @Nakul

PRESENT MARKET PRICE IS with dividend of rs 24 per share till 07 JULY so it can be safely assume that larsen is buying without dividend as the settlement is on 12 July. acceptance ratio should be very high as looking at the market price many would not participate in open offer closing 28 June (last date to buy WITH OPEN OFFER PARTICIPATION is 26 June but buy by 25 june only if .

Quite unlikely LnT will settle funds before pre decided date, since that date has been declared in public.
Theoretically yes if they decide to settle funds before 08 or rather 07 Lnt will get the dividends.

offer closes 28 June at 980 per share.
in my view it is a risk free arbitrage to buy at 970 and get 980 by 12 July means within 30 days (you can buy even up to 25 June and offer ) . there are very high chances that you will get 24 per share dividend too under normal circumstances.
now since buyback eligibility of Wipro closed , investors may observe this .