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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