LTIMindtree embarks new journey post merger; rings opening bell at BSE

5 Dec 2022 , 11:42 AM

LTIMindtree, a global technology consulting and digital solutions firm, rang the opening bell at the BSE today to mark the start of trading under its new name on the Indian stock market.

LTIMindtree – a scaled-up IT services provider with a client portfolio of more than 750 global enterprises and nearly 90,000 professionals in more than 30 countries across five continents – was formed on November 14, 2022, through the merger of erstwhile Larsen and Toubro Infotech (LTI) and Mindtree, leading technology consulting and digital solutions companies under the Larsen & Toubro (L&T) Group.

Shareholders of the delisted Mindtree have been issued shares of the delisted LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree. L&T, the parent company, owns a 68.73% stake in LTIMindtree.

At around 11.38 AM, LTIMindtree scrip quoted at Rs5,000 apiece, down by 1.29% against the listing price of Rs5,080 on NSE.

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