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.
