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  1. www.ltimindtree.com › news-event › lti-and-mindtreeLTIMindtree and Mindtree to start operating as a merged ...

    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.

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  3. economictimes.indiatimes.com › markets › stocksLTI mindtree merger: LTI-Mindtree merger comes into effect ...

    Nov 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. The record date to determine the eligible shareholders of Mindtree for the issue of equity shares of LTI is fixed as November 24.

  4. www.livemint.com › market › stock-market-newsMindtree-L&T Infotech merger operationalised: Record date ...

    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 November 24.

  5. www.newindianexpress.com › business › 2022L&T Infotech and Mindtree merge to become India's fifth ...

    May 6, 2022 · BENGALURU: Larsen & Toubro (L&T) on Friday announced the merger between its IT services business units L&T Infotech (LTI) and mid-cap IT company Mindtree. The merged entity, which will be called ...

  6. www.businesswire.com › news › homeLTI and Mindtree to Start Operating as a Merged Entity From ...

    Nov 14, 2022 · The parent company, L&T, will hold 68.73% of the merged entity. The Record Date to determine the eligible shareholders of Mindtree for issue of equity shares of LTI pursuant to the scheme is fixed ...

  7. www.moneycontrol.com › news › businessL&T Infotech and Mindtree merger gets nod, will become India ...

    Nov 15, 2022 · L&T completed its hostile takeover of Mindtree in 2019, sparking speculation about a merger of the two companies. The takeover was a messy affair, but Naik claimed it was not a hostile takeover.

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  9. legal.economictimes.indiatimes.com › news › industryL&T Infotech and Mindtree merge into LTI Mindtree, creating ...

    Nov 15, 2022 · Announcing the merger with immediate effect, group chairman AM Naik said that LTI Mindtree will be the fifth largest software company in terms of market capitalisation (Rs 1.53 lakh crore of Monday closing). 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.