LTI-Mindtree Merger Overhang Ends, L&T Infotech CEO Resigns, KMP Attrition Holds Key: Dolat 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..Dolat Capital Report.Three years after Larsen and Toubro Ltd. acquired Mindtree Ltd., the overhang of an impending merger of its two IT subsidiaries, Larsen and Toubro Infotech Ltd. and Mindtree, is now finally reached its conclusion, with L&T Infotech proposing to merge with Mindtree in a share swap deal, wherein shareholders of Mindtree will be issued 73 shares of L&T Infotech for every 100 shares held in Mindtree, taking parent L&T ownership to 68.7% in combined entity post-merger. Combined entity expected to result in revenue scale of $3.5 billion, and total market cap of $18.7 billion (ahead of Tech Mahindra Ltd.).L&T Infotech's Chief Executive Officer, Sanjay Jalona resigned on the same evening, which indicates that Debashis Chatterjee would potentially run the merged entity as CEO..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.

LTI-Mindtree Merger Overhang Ends, L&T Infotech CEO Resigns, KMP Attrition Holds Key: Dolat Capital

LTI-Mindtree Merger Overhang Ends, L&T Infotech CEO Resigns, KMP Attrition Holds Key: Dolat Capital

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