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Larsen & Toubro Infotech informs about acquisition

08 Jul 2021 Evaluate

In continuation to its previous disclosure through letter no. LTI/SE/STAT/2021-22/33 dated June 16, 2021, thereby intimating the signing of definitive agreement for acquisition of Cuelogic Technologies (‘Cuelogic’), having its registered office in Pune along with its 100% subsidiary in US, Cuelogic Technologies, Inc., Larsen & Toubro Infotech has informed that the Company has completed the acquisition of 100% shareholding of Cuelogic on July 7, 2021. Consequently, Cuelogic is now a wholly owned subsidiary of the Company and Cuelogic Technologies Inc., US is now wholly owned step-down subsidiary of the Company

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
TCS 2074.80
Infosys 1006.95
HCL Technologies 1245.80
Wipro 163.85
Tech Mahindra 1546.20
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