LTIMindtree Ltd.

BSE: 540005 | NSE: LTIM
Large Cap | IT - Software
6405.25
97.50 (1.55%)
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LTI rises on signing definitive agreement to acquire Lymbyc Solutions

Date: 17-07-2019

Larsen & Toubro Infotech (LTI) is currently trading at Rs. 1649.75, up by 1.55 points or 0.09% from its previous closing of Rs. 1648.20 on the BSE.

The scrip opened at Rs. 1650.00 and has touched a high and low of Rs. 1673.85 and Rs. 1638.65 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1990.00 on 10-Sep-2018 and a 52 week low of Rs. 1438.25 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 1673.85 and Rs. 1565.00 respectively. The current market cap of the company is Rs. 28641.85 crore.

The promoters holding in the company stood at 74.79%, while Institutions and Non-Institutions held 14.90% and 10.31% respectively.

Larsen & Toubro Infotech has signed a definitive agreement to acquire Lymbyc Solutions, headquartered in Bangalore along with additional offices in Chennai and Texas, US. The acquisition further strengthens LTI’s fast growing digital and analytics offerings.

The company and Lymbyc have been strategic partners for last one year, and have collaborated to deliver unique solutions to several leading global enterprises. Lymbyc is the fifth acquisition by LTI since the company got listed in 2016.

LTI is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world.