LTI-Mindtree merged entity ‘LTIMindtree’ falls 2% on listing
Last month, L&T Group announced the merger of its IT subsidiaries in a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
Last month, L&T Group announced the merger of its IT subsidiaries in a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
The two sister concerns are quite distinct in terms of business and clientele, with L&T Infotech more focussed on banking, insurance, etc, whereas Mindtree is predominant in retail and hospitality.