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L&T completes sale of Nxt Digital Business to Mindtree

02 Jul 2021 Evaluate

Larsen & Toubro (L&T) has completed the transfer of its digital transformation business undertaking, incubated and conducted as L&T-NxT (NxT Digital Business) to Mindtree, a listed subsidiary company. The transfer is effective from July 1, 2021, consequent to completion of customary conditions precedent, agreed under the Business Transfer Agreement dated May 20, 2021, between the Company and Mindtree.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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