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The Times of India
The Times of India
Business
PTI

LTI on merger with Mindtree: Can't comment on speculation, remain focused on 'fast growing business'

LTI Mindtree LT Larsen Toubro Mumbai

MUMBAI: The management of Larsen & Toubro Infotech (LTI) on Tuesday declined to comment on the "speculated" merger with group company Mindtree, maintaining that it remains focused on its own business for now.

Reports of the planned merger, which emerged on Monday, have led to erosion of investor wealth as both LTI's and Mindtree's stocks closed in the red for the second consecutive session on Tuesday.

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