Channel: HYBIZTV HD

Category: News & Politics

Tags: hcl techtcswiprohybiz tvmindtreeinfosysevents in hyderabadhybizevents todaylarsen & toubro infotechl&thyderabad business newsltimindtree

Description: Construction and engineering major L&T on May 6 announced the merger of its two software companies, Larsen & Toubro Infotech and Mindtree. The combined entity will be known as “LTIMindtree”. Upon the merger coming into effect, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of Mindtree. According to industry experts, the combined entity will enable it to tap into broader market prospects, reduce costs, and lower risk. After the merger, the aggregate revenue of the combined entity will be around $3.5 billion. LTI has a market capitalization of Rs 1.03 lakh crore, whereas Mindtree has a market capitalization of Rs 65,285 crore. By market capitalization, the combined entity will surpass Tech Mahindra to become the fifth-largest IT services provider. The firm will employ over 80,000 people, including 4,000 sales and support personnel. Currently, TCS ranks first among IT firms with the highest market valuation, followed by Infosys, HCL Tech, and Wipro. #Larsenandturbo #LTIMindtree #LTI #Mindtree #TCS #IT #HyderabadBusinessNews #EventsToday #HyderabadEvents HyBiz Tv is India’s most watched Digital Business Channel with over One Million regular viewers. in the 12 years of its existence, HyBiz Tv has provided a platform for business houses to promote, project and propagate their products and services. Corporate videos, Promotional videos, Interviews, Ad- films, events coverage, current relevant news, meaningful discussions on contemporary subjects have given the audience relevant content which has helped in the rapid growth of the viewership. Clients from both the Telugu states and across the country have reaped rich dividends by engaging HyBiz Tv and now this has spread all over the country. ► Watch More Business Videos at India's Leading online business channel hybiz.tv ► like us on Facebook: facebook.com/hybiz ► Watch More Videos on youtube.com/hybiztv ► Subscribe to HYBIZTV Channel: goo.gl/EEXqfu ►Follow us on Twitter twitter.com/hybiztv