L&T Infotech and Mindtree Become Partners to Become IT Giant. Multinational information technology services and consulting companies Larsen & Toubro Infotech Limited (LTI) and Mindtree Ltd decided to combine to become a giant Information Sector-IT company. The company Larsen & Toubro Ltd reveal this announcement to the public. To get the further details about this matter stay tuned with us.
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The merger between the two companies namely Larsen & Toubro Ltd and Mindtree is done by publicly traded software firms. On Friday, L&T Infotech shares closed down 3.69%, while that of Mindtree fell 3.79% in weak Mumbai trade. In all-share deal, L&T Infotech to offer 73 shares for every 100 shares of Mindtree.
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It is noted that, Larsen & Toubro Infotech Limited (LTI) will secure 68.73% after the merger of these two companies. The merger could help unlock potential scale and fight for mega deal wins with other IT giants. “The name of the combined entity will be “LTIMindtree” leveraging the advantages of both the brands and creating value for all the stakeholders,” exchange filling reads.
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