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The Times of India

Business

TIMESOFINDIA.COM

L&T Infotech, Mindtree announce merger; combined entity to be called 'LTIMindtree'

Mindtree LTI LT LTIMindtree India New Delhi

NEW DELHI: Larsen & Toubro Infotech (LTI) and Mindtree announced a merger on Friday, with an aim to create India's next large-scale IT services player.

"The boards of directors of Mindtree and LTI at their respective meetings approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group," LTI said in an official filing to the bourses.

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