LTI and Mindtree to Start Operating as a Merged Entity From November 14, 2022
LTIMindtree will thus become the fifth largest IT services company in India in terms of current market capitalization.
- LTIMindtree will thus become the fifth largest IT services company in India in terms of current market capitalization.
- The Effective Date for the company to start operating as one entity is November 14, 2022.
- As part of the merger, all shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree.
- The Record Date to determine the eligible shareholders of Mindtree for issue of equity shares of LTI pursuant to the scheme is fixed as November 24, 2022.