L&T Infotech and Mindtree to merge to create large-scale IT company
In all-share deal, L&T Infotech to offer 73 shares for every 100 shares of Mindtree
After the merger, L&T will hold 68.73% of L&T Infotech.
Larsen & Toubro Ltd. announced a merger between two of its publicly traded software firms L&T Infotech Ltd. and Mindtree Ltd. The merger could help unlock potential scale and fight for mega deal wins with other IT giants.