IT Sector Check - L&T Infotech-Mindtree Merger To Create A Behemoth: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.The merger of Larsen and Toubro Infotech Ltd. and Mindtree Ltd. will create a $3.5 billion company. The combined entity will have 69% presence Americas, 17% in Europe and 14% in rest of world. As per the merger, Mindtree shareholders will receive 73 shares of L&T Infotech for 100 shares of Mindtree. Post the merger promoters will hold 68.73% stake in the company. Upon obtaining all approvals and post nine-12 months, Mindtree will be merged in L&T Infotech. The entity will be named as LTIMindtree Ltd. The merger has significant synergies in revenues and cost. We have assumed in near term (i.e FY24) 1% revenue and cost synergies. In addition, the entity will be able to bid for bigger deals ($ 100 plus million), cross sell and have end to end capabilities..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Sector Check - L&T Infotech-Mindtree Merger To Create A Behemoth: IDBI Capital

IT Sector Check - L&T Infotech-Mindtree Merger To Create A Behemoth: IDBI Capital

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