Mindtree to reconvene its board meeting today, which is facing a hostile takeover from Larsen & Toubro (L&T). The day when the engineering conglomerate set to share details of its open offer with shareholders of the mid-tier IT service company. Mindtree board met on Wednesday but deferred a decision on a share buyback, citing commercial and legal issues. Mindtree founders were considering the share buyback to thwart any hostile takeover of the company. But since L&T has already announced the open offer, Securities and Exchange Board of India (SEBI) regulations prevent Mindtree from buying back its shares now.