LTI and Mindtree announced their merger to create an efficient and scaled-up IT services provider exceeding $3.5 billion.
The transaction is subject to shareholder and regulatory approvals.
Larsen & Toubro will hold 68.73 percent of LTI after the merger. The name of the combined entity will be LTIMindtree leveraging the advantages of both the brands and creating value for all the stakeholders.
AM Naik, Chairman of LTI, said: “This merger represents our commitment to grow the IT services business in line with our strategic vision.”
