As global companies upgrade to the cloud and explore the metaverse, revenues for Indian IT outsourcing firms are surging. So are employee departures, which could be a problem for $32 billion Larsen & Toubro, says ugalani
Mumbai-listed Larsen & Toubro is weighing a merger of its two publicly traded IT outsourcing firms, Bloomberg reported on April 18, citing people familiar with the matter.
The boards of Mindtree and Larsen & Toubro Infotech could consider share swap ratios for the merger as early as next week, the reported added, citing a source. L&T took control of Mindtree through a hostile takeover in 2019 and owned 61% of the company as of end-December. L&T owns 74% of L&T Infotech.A man walks past the Larsen and Toubro head office in Mumbai, India, September 2, 2021. REUTERS/Francis Mascarenhas - RC2IHP9SQDWR
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