LTI-Mindtree merger comes into effect, becomes 5th largest IT company by m-capAs part of the merger, all shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of M...
14 Nov, 2022, 05.12 PM IST
What LTI-Mindtree merger means for two IT firms, their existing investorsMotilal Oswal has retained a 'neutral' rating on both stocks as it sees near-term risks offsetting the long-term opportunity accruing from ...
09 May, 2022, 09.16 AM IST
LTI-Mindtree merger has many benefits once the minds meetThe future trend depends upon the demand traction and the availability of talent pool. Given these factors, investors may expect short term...
09 May, 2022, 06.07 AM IST
LTI-Mindtree merger gets board nod, to create fifth-largest IT firmThe transaction is subject to shareholder and regulatory approvals. Mindtree, with market cap of Rs 57,840 crore will merge into LTI with m...
07 May, 2022, 10.02 AM IST
LTI, Mindtree boards may meet next week to okay mergerParent Larsen & Toubro (L&T) owns 74.05% of LTI and 60.99% of Mindtree. LTI is trading at a 30% premium to Mindtree.
28 Apr, 2022, 10.04 AM IST
L&T Infotech first quarter net profit up 19.3%Revenue for the three-month period rose 17.4% to Rs 3,462.5 crore.
15 Jul, 2021, 08.54 PM IST
LTI to acquire digital engineering firm Cuelogic for $8.4 millionFounded in 2010, Cuelogic has built capabilities in digital engineering, and primarily focuses on developing cloud native web and mobile ap...
16 Jun, 2021, 01.28 PM IST
Pandemic will be remembered as restructuring of everything, says LTI CEOLTI betting on large deals in financial services space, says CEO Sanjay Jalona
06 May, 2021, 06.04 AM IST
L&T Infotech Q4 results: Net profit rises 28% to Rs 546 crIts revenue from operations grew 8.5 per cent to Rs 3,269.4 crore in the reported quarter from Rs 3,011.9 crore in the year-ago period, it ...
04 May, 2021, 09.49 PM IST
Larsen & Toubro Infotech, Mindtree to avoid business overlapLarsen & Toubro Infotech (LTI) and Mindtree will avoid client overlaps as well as competing in the same categories till parent entity L&T d...
14 Aug, 2020, 07.38 AM IST
LTI Q3 profit rises to Rs 377 croreThe company had clocked a consolidated net profit after tax of Rs 375.5 crore in the year-ago period.
15 Jan, 2020, 06.35 PM IST
LTI Q1 profit slips 1.5% to Rs 356 croreRevenue was up 15.3 per cent to Rs 2,484.9 crore in the reported quarter from Rs 2,155.7 crore in the year-ago period
18 Jul, 2019, 09.14 PM IST
LTI to acquire advanced analytics firm LymbycThe two companies have been working together for the past year.
17 Jul, 2019, 12.11 PM IST
Apple drops L&T Infotech over visa issuesLTI is alleged to have issued letters of invitation to some of its employees to work on-site on the Apple account, when the USCIS procedure...
04 Jul, 2019, 10.49 AM IST
IT’s new CEOs driving double-digit growth at mid-cap companies in IndiaDigital-heavy strategy and deep skill sets brought by CEOs from larger tech firms pay off.
30 May, 2019, 12.48 PM IST
How L&T Infotech is trying to leverage conglomerate's strengths to leapfrog to the big leagueIf “deep knowledge” and “beginner’s mind” seem contradictory ideals, L&T Infotech acknowledges it.
06 Jan, 2019, 09.55 AM IST
Larsen & Toubro Infotech to acquire Syncordis SAFounded in 2004, Syncordis SA is a pure-play core banking Temenos specialist. It has over 120 Temenos consultants and offices in France, UK...
14 Nov, 2017, 09.36 PM IST