2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Coforge
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Mphasis
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Mindtree
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Cognizant
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Detailed explanation-1: -IT companies L&T Infotech (LTI) and Mindtree on Monday announced their merger came into effect today following regulatory and shareholder approvals. The combined entity LTIMindtree is now the fifth-largest IT services company in India in terms of current market capitalization.
Detailed explanation-2: -The L&T Group has announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), effective November 14. The new entity, LTI Mindtree, will begin trading from November 24.
Detailed explanation-3: -L&T Infotech and Mindtree, the two independently listed IT services companies under Larsen & Toubro Group announced a merger that would create India’s fifth-largest IT services provider. The combined entity will be known as “LTIMindtree”.
Detailed explanation-4: -L&T Infotech and Mindtree have received merger approval and will begin operating as a merged entity on November 14, becoming the country’s fifth-largest IT provider by market capitalisation and sixth-largest by revenue. This is one of the largest mergers in the Indian information technology (IT) sector.
Detailed explanation-5: -The security name and symbol of LTI (Larsen & Toubro Infotech Limited) is changed to LTIM (LTIMindtree Limited) with effect from December 05, 2022.