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. Mindtree shareholders will get 73 LTI shares for every 100 shares they hold post merger. LTI and Mindtree merger was announced in May 2022. The parent company, L&T, will hold 68.73% of the merged entity – LTIMindtree.

 

The AZB & Partners team comprised of Managing Partner Zia Mody, and Partners Ashwath Rau and Kashish Bhatia.

 

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