L&T Infotech announces merger with Mindtree - Economic Times

The deal involves the no cash consideration. Larsen & Toubro Infotech said it would issue and allot 73 fully paid up equity shares of face value Re 1 each of the company for every 100 fully paid up equity shares of face value Rs 10 in the amalgamating company.

NEW DELHI: Larsen & Toubro Infotech (LTI) board on Friday approved a scheme of amalgamation with Mindtree, creating a $3.5 billion IT services provider. The two companies are subsidiaries of Lars… [+2534 chars]

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