2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mindtree
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Lymbyc
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Swiggy
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L & T Realty
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Detailed explanation-1: -L&T Technology Services (LTTS) on Thursday (12 January 2023) announced that it will acquire the Smart World & Communication (SWC) business of its parent firm, Larsen & Toubro (L&T) for a cash consideration of Rs 800 crore.
Detailed explanation-2: -The two companies had announced their intent to merge in May 2022. The merged entity will be known as LTIMindtree. The merged entity will become the fifth largest IT services company in India in terms of current market capitalization.
Detailed explanation-3: -Larsen & Toubro Infotech and Mindtree merger received the approval from National Company Law Tribunal. IT companies Larsen & Toubro Infotech (LTI) and Mindtree announced on Monday that their merger has come into effect following approval from regulators and shareholders.