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Nov 15, 2022 · The L&T Group has announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), effective November 14. The new entity, LTI Mindtree, will begin trading from...
Nov 14, 2022 · The Effective Date for the company to start operating as one entity is November 14, 2022. As part of the merger, all shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree. The parent company, L&T, will hold 68.73% of the merged entity.
Merger of LTI and Mindtree receives approval of NCLT LTIMindtree all set to debut as one of India’s largest IT services companies Mumbai and Bengaluru, India, November 14, 2022: Larsen & Toubro Infotech (BSE: 540005, NSE: LTI) and Mindtree (BSE: 532819, NSE: MINDTREE), leading technology
Nov 14, 2022 · L&T Infotech (LTI) and Mindtree have merged into LTIMindtree, effective from Monday, becoming the country’s fifth largest provider of IT services by market capitalisation and sixth largest IT...
Nov 14, 2022 · IT companies L&T Infotech (LTI) and Mindtree on Monday announced their merger came into effect today following regulatory and shareholder approvals. The combined entity LTIMindtree is now the fifth-largest IT services company in India in terms of current market capitalization.
Nov 14, 2022 · The merger between L&T Infotech and Mindtree has finally been completed on Monday, six months after the deal was announced, following the approval from National Company Law Tribunal (NCLT). With this, the combined entity, LTIMindtree, will become the country's fifth-largest IT provider by market cap and sixth-largest by revenue.
Nov 15, 2022 · LTI Mindtree to start operating as merged entities effective 14th Nov 2022. The company further informed that 24th Nov 2022 will be the record date for determining the eligible shareholders for allotment of shares of the merged entity.
Nov 15, 2022 · The L&T Group on Monday announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), creating the country's sixth largest software firm with a revenue of USD 5.25 billion this year, and the new entity, LTI Mindtree, will begin trading from November 24.
Dec 5, 2022 · LTI and Mindtree had last month announced the completion of their merger. The merger was effective from November 14. The new shares of LTIMindtree allotted in lieu of Mindtree shares are available for trading from today, along with the existing equity shares of the company.
LTIMindtree will thus become the fifth largest IT services company in India in terms of current market capitalization. The Effective Date for the company to start operating as one entity is November 14, 2022.
