L&T Infotech-Mindtree merger likely by December, says LTI COO ...Middle East

Business Standard - Economy
The amalgamation process of Larsen & Toubro Infotech (LTI) and Mindtree is likely to be completed by December, and during this period, both the companies will continue to operate independently, a senior official said. The two subsidiaries of Larsen & Toubro had last month announced a mega-merger to create an efficient and scaled-up IT services provider, exceeding USD 3.5 billion in combined revenue. The name of the combined entity will be 'LTIMindtree', the companies had said in a statement. We hope the merger will be completed in the next two quarters It is undergoing regulatory approvals. There are three-four agencies involved in the process, L&T Infotech Chief Operating Officer Nachiket D

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