Lt infotech share price

The merger between L&T Infotech and Mindtreehas finally been completed on Monday, six months after the deal was announced, following the approval from National Company Law Tribunal (NCLT). With this, the combined entity, LTIMindtree, will become the country's fifth-largest IT provider by market cap and sixth-largest by revenue.“The effective date for the company to start operating as one entity is November 14, 2022”, both the companies said in a joint statement on Monday. The two Larsen & Toubro (L&T) Group companies had announced their intent to merge in May 2022, which was later approved by their respective shareholders, creditors and other applicable provisions of the Companies Act, 2013. The deal is considered as one of the largest mergers in the Indian IT sector. “This approval clears the way for the merger of the two independently listed companies as LTIMindtree, a scaledup IT services provider with a client portfolio of more than 750 leading global enterprises from all key industry verticals, and nearly 90,000 professionals spread in more than 30 countries across five continents,” the release said. As per the agreement, the merger will be a share swap deal at a ratio of73 shares of LTI for every 100 shares of Mindtree. Parent company L&T will hold 68.73% stake in LTI after the merger. The record date to determine the eligible shareholders of Mindtree for issue of equity shares of LTI pursuant to the scheme is November 24, 2022. The development comes nearly three yea...

Putting all speculations to rest, construction and engineering major Larsen & Toubro (L&T) on May 6 announced the merger of its two software companies, Larsen & Toubro Infotech (LTI) and Mindtree. “The Boards of Directors of LTI and Mindtree at their respective meetings held today approved a composite scheme of amalgamation of both these independently listed IT services companies under the Larsen & Toubro Group," the press released stated. The combined entity will be known as “LTIMindtree”. The transaction regarding the LTI and Mindtree merger is subject to shareholder and regulatory approvals, LTI has said. Upon the merger coming into effect, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of Mindtree. “The new shares of LTI so issued will be traded on the NSE and BSE. Larsen & Toubro Limited will hold 68.73 percent of LTI after the merger," said L&T Infotech in the press release. It was announced that Mindtree CEO Debashis Chatterjee will lead the combined entity of "LTIMindtree", while L&T Infotech CEO and MD Sanjay Jalona resigned due to personal reasons. L&T Group Chairman AM Naik on the merger AM Naik, Chairman, L&T Group, speaking on the merger, said, "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’ proposit...

The company was founded as L&T Information Technology Ltd in December 1996 as a subsidiary of Larsen & Toubro. In 2013–14, L&T Infotech's engineering services segment was acquired by parent In July 2016, L&T Infotech went ₹1,243 crore (US$184.98 million). The company rebranded itself as 'LTI' with a tag line of 'Let's Solve' in May 2017. Mindtree merger [ ] In May 2022, it was announced that The merger was completed in November 2022. After the merger, LTIMindtree became India's fifth largest provider of IT services by market capitalisation and sixth largest by revenue. Shares of Mindtree were delisted and shareholders were allotted 73 shares of LTI for every 100 shares of Mindtree held. The parent company, Larsen & Toubro, held a 68.73% stake in the merged entity. Global presence [ ] LTIMindtree has its presence across the following regions: • • North America: • Europe: • Asia Pacific: • Middle East: • Africa: Subsidiaries [ ] Name Location L&T Information Financial Services Technology Inc Larsen & Toubro Infotech GmbH Larsen & Toubro Infotech Canada Ltd L&T Information Technology Services (Shanghai) Co Ltd L&T Infotech S. de. R. L. de. C. V. Larsen & Toubro Infotech South Africa (Pty) Ltd. L&T Information Technology Spain SL Larsen & Toubro Infotech LLC Syncordis S.A. Syncordis S.A.R.L. Syncordis Support Services S.A. Syncordis Software Services India Pvt Ltd Syncordis Ltd Acquisitions [ ] Company acquired Country Date Business Reference Cuelogic Technologies India July 2...

Larsen & Toubro Infotech share price fell 4% on Wednesday morning, a day after the company reported a weak set of quarterly earnings that disappointed investors. L&T Infotech reported a net profit of Rs 637.5 crore, up 16.8% from the same period last year. The company also announced a dividend of Rs 30 per equity share of face value Re 1. Analysts have downgraded the share, trimmed target prices, and are advising investors to sell L&T Infotech shares after the company’s dismal quarterly earnings. The stock price was trading at Rs 5,230 per share on Wednesday. It is down 23% so far in 2022. L&T Infotech reported that its consolidated revenue from operations rose 3.96% to Rs 4,301.6 crore from Rs 4,137.6 crore in the previous quarter. Revenue was up 31.57% from the year-ago period. EBIT margin came in at 17.3%, down 205 basis points from the previous year. The company announced four large deals with a net-new TCV of over $80 million. Share Market Highlights: Nifty settles above 18800, Sensex jumps 450 pts; Bank Nifty above 43900, Wipro, Bajaj Auto fall ICICI Securities: Downgrade to Reduce Analysts at Kotak Securities: Reduce L&T Infotech’s quarterly earnings were below estimates pinned by Kotak Securities. However, the company has a good deal pipeline and the management is aiming for industry-leading growth in the current fiscal year. “The deal pipeline is reasonably good with 50% of pipeline in late-stage and four large deals in the contracting phase. After delivering 25.8...

• Stock Returns vs Nifty 100 Stock gave a 3 year return of 194.38% as compared to Nifty 100 which gave a return of 84.74%. (as of last trading session) • Stock Returns vs Nifty IT Stock generated 194.38% return as compared to Nifty IT which gave investors 98.6% return over 3 year time period. (as of last trading session) NAME P/E (x) P/B (x) ROE % ROCE % ROA % Rev CAGR [3Yr] OPM NPM Basic EPS Current Ratio Total Debt/ Equity (x) Total Debt/ CFO (x) 35.01 8.24 23.62 31.22 16.91 12.02 21.05 14.65 110.80 3.40 0.00 0.00 63.00 22.81 36.20 41.73 27.32 24.22 30.32 24.01 121.26 4.83 0.00 0.00 41.14 9.56 23.23 28.27 13.91 31.20 15.78 11.03 123.73 1.80 0.11 0.00 21.40 4.42 20.64 25.76 14.10 15.50 16.45 11.87 87.05 2.13 0.03 0.00 18.51 4.48 24.21 31.56 19.47 5.29 45.32 31.69 209.14 6.55 0.00 0.00 Add More • Stock Returns vs Nifty 100 Stock gave a 3 year return of 194.38% as compared to Nifty 100 which gave a return of 84.74%. (as of last trading session) • Stock Returns vs Nifty IT Stock generated 194.38% return as compared to Nifty IT which gave investors 98.6% return over 3 year time period. (as of last trading session) Meeting Date Announced on Purpose Details Apr 26, 2023 Apr 05, 2023 Board Meeting Audited Results & Final Dividend Feb 16, 2023 Jan 16, 2023 POM - Jan 19, 2023 Jan 02, 2023 Board Meeting Quarterly Results Oct 18, 2022 Sep 30, 2022 Board Meeting Quarterly Results & Interim Dividend Jul 15, 2022 Jul 01, 2022 Board Meeting Quarterly Results • About L&T Tech L&T Technol...