Earlier this year, Xoriant was acquired by investment firm ChrysCapital soon after former Larsen & Toubro Infotech chief executive Sanjay Jalona joined the firm as its operating partner.

HCLTech corporate VP Sukamal Banerjee joins Xoriant as CEO

On Friday, the L&T Group firm reported its combined quarterly results after the L&T Infotech and Mindtree merger in November. The combined entity is now Indias sixth largest in terms of revenue.

All digital transformation deals on track: LTIMindtree CEO Debashis Chatterjee

This is also the first acquisition by the company following Sanjay Jalona’s appointment as an Operating Partner for investments in the Business Services sector, who was the CEO and Managing Director at Larsen & Toubro Infotech (LTI) before its merger with Mindtree.

Indian PE firm ChrysCapital expands tech portfolio with California-based Xoriant acquisition

Domestic M&A activity saw record levels of activity in 2022 at $119.2 billion, up 156.3 per cent from 2021, as per report by Refinitiv; companies like HDFC Bank, HDFC, Ambuja Cements, ACC, Adani Group Biocon, Mindtree, L&T Infotech, AM/NS, Essar Ports were involved in M&A deals in 2022

M&A activity with an India angle hit a record $171 billion in 2022

Lambu had joined Mindtree in 2020 and had previously worked at Cognizant and HCLTech. He was part of the key management personnels present during the merger completion announcement of Larsen & Toubro Infotech and Mindtree in November 2022.

LTIMindtree director Venu Lambu quits

In November 2022, the L&T Group announced operationalisation of the merger of Mindtree with LTI (Larsen & Toubro Infotech), creating the country’s sixth largest software firm

LTIMindtree’s Markets President Venugopal Lambu resigns

The combined entity will sport a more diversified portfolio and offer good revenue synergies.

LTIMindtree - L&T Infotech-Mindtree Merge, Revenue Synergies To Drive Growth: Motilal Oswal

As of 30-Sep-2022, promoters held 74.03 per cent stake in the company, while FIIs held 8.42 per cent and domestic institutional investors had 5.09 per cent.

L&T Infotech stock price down 1.5 per cent as Sensex slides

📍आज L&T Infotech, Garware Technical Fibers और CEAT समेत कौनसे शेयर रहेंगे फोकस में?

किन खबरों के दम पर रहेगा एक्शन?

✨बाजार के लिए कौनसे हैं अहम ट्रिगर्स?

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Stocks In News : Which stocks including L&T Infotech, Garware Tech Fibers & CEAT will be in focus?

The parent company, L&T, will hold 68.73% of the merged entity of Mindtree and L&T Infotech

LTI-Mindtree merger operationalized: Record date, fractional shares, more detail

L&T Infotech and Mindtree merger: How many shares will investors get?

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

LTIMindtree, formerly Larsen & Toubro Infotech, is an India-based global technology consulting and digital solutions company.

LTIMindtree Ltd