Shares of LTIMindtree, the combined entity of LTI and Mindtree, began trading under the new name today. The stock was quoted at Rs 5,006 on the BSE at 11:22 am, down 1% from its close of Rs 5,068 last Friday. Exchange data shows that the stock has touched a high of Rs 5,120.40 and a low of Rs 4,984.40 in intraday trade so far.

LTIMindtree was formed on November 14, 2022, from the merger of Mindtree, a leading technology consulting and digital solutions company within the Larsen & Toubro (L&T) Group, and a sizable IT services provider with a portfolio of 30 clients. The company covers over 750 global companies and professionals from nearly 90,000 countries – the fifth-largest IT service company in India by market value.

Former Mindtree shareholders, who will delist on November 23, 2022, have issued former LTI shares at the rate of 73 LTI shares (now known as LTIMindtree) for every 100 Mindtree shares issued. Parent company L&T holds a 68.73% stake in LTIMindtree.

According to BSE data, LTIMindtree currently has a market capitalization of Rs 1.48 trillion. Tata Consultancy Services (TCS) tops the list with a market value of Rs 12.49 trillion, followed by Infosys (Rs 6.85 trillion), HCL Technologies (Rs 3.07 trillion) and Wipro (Rs 2.26 trillion). Data shows that Tech Mahindra has a market value of Rs 1.07 trillion.