Mindtree-L&T Infotech merger completed; becomes 5th largest IT company by m-cap
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
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L&T Infotech Q1 profit up 27.7% to ₹634 cr on large deal wins
L&T Infotech's revenue rose 30.6% on a YoY basis to ₹4,522.8 cr; Q1 EBITDA margin declined to 18.4% from 18.7% during the same period last year
IT sector Q1 preview: Deal execution likely to pick up; margins to take hit
IT heavyweights TCS, Infosys, and Wipro are expected to post constant currency revenue growth in the range of 2.5-4.5% on a quarter-on-quarter basis
Mindtree, L&T Infotech to merge to create $3.5 bn large-scale IT firm
The merger will be a share swap deal at a ratio of 73 shares of L&T Infotech for every 100 shares of Mindtree
Flat opening seen for Sensex, Nifty; Mindtree, L&T Infotech, Wipro, Tata Power shares in focus
The Sensex and Nifty are set to open flat to higher on Tuesday, following positive cues from Asian peers and muted trends at SGX Nifty futures.
Mindtree terms report claiming merger with L&T Infotech 'speculative'
The two sister concerns are quite distinct in terms of business and clientele, with L&T Infotech more focussed on banking, insurance, etc, whereas Mindtree is predominant in retail and hospitality.
From ₹700 to ₹5,875: This largecap IT stock delivered 8 times return in 6 years
The latest share price indicates that those who invested in this multibagger stock in 2016 have garnered 742% growth during the last six years.
Mindtree stands taller than L&T in employees’ estimation
On account of culture and values as well as work-life balance, Mindtree gets better ratings than L&T Infotech and L&T Technology Services on recruitment websites like Glassdoor.com
Mindtree board says no to share buyback
L&T says open offer for Mindtree to start on May 14 at a price of ₹980 a share.
When you are in the public market you can’t be an owner in perpetuity
The IT services industry of today is a highly commoditised business and consolidation is inevitable.
