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New Deal


Announced

Completed

LTI completed the merger with Mindtree in a $17.7bn deal.

Financials

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Transaction Value£14,327m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Domestic

Single Bidder

Majority

Public

IT Services: Other

it solutions

information services

India

Merger

Acquisition

Friendly

Completed

Synopsis

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Larsen & Toubro Infotech, a multinational conglomerate company, completed the merger with Mindtree, an information technology services and consulting company, in a $17.7bn deal. “This merger represents our continued commitment to grow the IT services business in line with our strategic vision. The highly complementary businesses of LTI and Mindtree will make this integration a ‘win-win’ proposition for our customers, investors, shareholders, and employees,” A. M. Naik, LTI Chairman.

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