LTIMindtree commences trading with its new name; stock down 1%

Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree

Shares of LTIMindtree, the merged entity of LTI and Mindtree, commenced trading with its under its new name today. The stock .  quoted 1 per cent lower at Rs 5,006 on the BSE at 11:22 AM as against Friday’s close of Rs 5,068 on the BSE. It hit a high of Rs 5,120.40 and a low of Rs 4,984.40 in the intra-day trade so far, the exchange data shows.

Formed on November 14, 2022, through the merger of erstwhile Larsen and Toubro Infotech (LTI) and Mindtree, leading technology consulting and digital solutions companies under the Larsen & Toubro (L&T)