Friday, 24 March, 2023

L&T considering to merge two of its publicly software firms: Sources

<p>Larsen &amp; Toubro (L&amp;T) is considering merging two of its publicly held software firms as the conglomerate seeks size to compete with global digital titans according to sources. The boards of Mindtree and L&amp;T Infotech could explore share swap ratios for the merger as early as next week. Larsen acquired control of Mindtree in 2019. The two firms have little in common in terms of businesses or clients, so a merger would provide them with more pricing power and cheaper costs.</p>