Mindtree will be delisted from stock exchanges and LTI will be rebranded as LTIMindtree effective November 24, said Vinit Teredesai, the combined entity’s Chief Financial Officer.
The merger of the two L&T software units was announced on May 6 and was expected to be completed by the end of the year. L&T Limited now owns 68.73 percent of LTI. Mindtree shareholders will be issued LTI shares at a ratio of 73 LTI shares for every 100 Mindtree shares.
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