News > LTI and Mindtree to operate as merged Entity From Nov 14
LTI and Mindtree to operate as merged Entity From Nov 14
Dais Newsfeed | 15/11/2022 01:16 PM | Click to read full article
Larsen & Toubro Infotech (LTI) and Mindtree on Monday announced that both Mumbai and Bengaluru Benches of Hon’ble National Company Law Tribunal (NCLT) have approved, via two separate orders, the merger of the two companies. 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 per cent of the merged entity.