Larsen & Toubro Infotech (LTI) and Mindtree Merger to Create LTIMindtree
November 14, 2022
The boards of Larsen & Toubro Infotech (LTI) and Mindtree approved a scheme of amalgamation under the Larsen & Toubro (L&T) Group, combining into a scaled-up IT services provider to be named LTIMindtree. Mindtree shareholders will receive LTI shares at a ratio of 73 shares of LTI for every 100 Mindtree shares, with L&T holding 68.73% of the merged entity. NCLT approval was received, clearing the way for operations as a merged entity effective November 14, 2022.
- Buyers
- Larsen & Toubro Limited
- Targets
- Mindtree, Larsen & Toubro Infotech (LTI)
- Industry
- IT Services
- Location
- India
- Transaction Type
- Buyout
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