L&T Infotech and Mindtree, the two independently listed IT services companies under Larsen & Toubro Group announced a merger that would create India’s fifth-largest IT services provider. The combined entity will be known as “LTIMindtree”.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Boards of Directors of Mindtree and L&T Infotech (LTI) at their respective meetings held on Friday approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group. The proposed integration will see Mindtree and LTI join strengths to create an efficient and scaled up IT services provider exceeding USD 3.5 billion. These opportunities will create a more distinctive employee value proposition and stronger partnerships with ecosystem players.
Important takeaways for all competitive exams:
Many cities around the world are given special names because of what they are best…
In ancient India, many powerful kings ruled large empires and were known for their bravery,…
Norway is a peaceful and beautiful country in Northern Europe. It is known for its…
The Unique Identification Authority of India (UIDAI) has taken a significant step towards improving public…
Odisha, a state in eastern India, has a rich history in culture, art and transport.…
Uttar Pradesh is one of the largest states in India and is known for its…