LTIMindtree down 2%; sheds 9% in four days after market debut

LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger

Shares of LTIMindtree, the merged entity of Larsen and Toubro Infotech (LTI) and Mindtree, were 2 per cent down to Rs 4,588.95 on the BSE in Thursday’s otherwise firm market.

The stock of the Larsen & Toubro (L&T) Group was quoting lower for the fourth straight day, having fallen 9 per cent during this time, after listing of its additional shares under its new name from December 5.

Around 120 million equity shares of Re 1 each, issued after the amalgamation of LTI and Mindtree, were listed and permitted for trading on the exchange with effect from Monday, December 05,