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Does L&T own Mindtree?
Is ltimindtree a subsidiary of Larsen & Toubro?
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LTIMindtree Limited is an Indian multinational information technology services and consulting company based in Mumbai. A subsidiary of Larsen & Toubro , the company was incorporated in 1996 and employs more than 81,000 people.
Nov 14, 2022 · 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 consulting and digital solutions companies under the Larsen & Toubro (L&T) Group, announced that both ...
May 6, 2022 · L&T Infotech (LTI) and Mindtree board of directors on Friday approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro...
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...
May 6, 2022 · L&T owns about 74% stake in L&T Infotech. When L&T took over Mindtree, it was said that the latter will be run as a separate entity, distinct from LTI and L&T Technology Services.
Nov 15, 2022 · L&T Limited now owns 68.73 percent of LTI. Mindtree shareholders will be issued LTI shares at a ratio of 73 LTI shares for every 100 Mindtree shares. The companies had a combined headcount of...
May 9, 2022 · The combined entity is to be called LTIMindtree, the L&T group companies told the stock exchanges on Friday, May 6, after markets hours in Mumbai.
