LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth

LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth

LTIMindtree, the merged entity that houses conglomerate Larsen & Toubro’s information technology business, is unlikely to be part of the benchmark Nifty50 during the upcoming March index review, Nuvama Wealth reiterated. The completion of the merger of Larsen & Toubro Infotech and Mindtree in November sparked speculation of the new entity, India’s fifth largest IT … Read more

Why LTI-Mindtree merger doesn’t make it the hottest couple on D-Street yet

Why LTI-Mindtree merger doesn’t make it the hottest couple on D-Street yet

NEW DELHI: Shares of both IT companies L&T Infotech (LTI) and were trading flat on Tuesday, a day after the merger came into effect. Despite the joint entity of LTIMindtree becoming the fifth-largest IT company in India based on market capitalisation, there are little hope of its inclusion in the Nifty50 index in the March … Read more