LTI announces merger with Mindtree

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BAT_MAN

Larsen & Toubro Infotech board on Friday approved a scheme of amalgamation with Mindtree, creating a $3.5 billion IT services provider.

The combined entity will surpass Tech Mahindra to become the fifth-largest IT services provider.

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In bandalore Whitefield location the LTI and Mindtree offices were just separated by a wall and we used to tell if they just remove that wall then we get more space to walk. seems like they really did it now  😉

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BAT_MAN wrote:

The combined entity will surpass Tech Mahindra to become the fifth-largest IT services provider.

Someone somewhere in Deloitte Touche is crying in some corner.

 

By themselves, Mahindra were already breaking the markets of the Big Four… as far off as MENA, Europe.

 

And now this!😄

(In some segments, they all keep poaching each other’s clients ALL THE TIME).

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IamRage wrote:

In bandalore Whitefield location the LTI and Mindtree offices were just separated by a wall and we used to tell if they just remove that wall then we get more space to walk. seems like they really did it now  😉

Which side you are sitting?

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Its more like takeover, with shareholders of Mindtree getting 73 shares of LTI for every 100 shares held in MT

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BAT_MAN wrote:

Which side you are sitting?

was in LTI , left 2 years back

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both are L&T Group Companies 

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