software firms, as the Indian conglomerate seeks to scale up to compete with the global digital giants.
The boards of Mindtree Ltd and Larsen & Toubro Infotech Ltd, the two software entities controlled by
the Mumbai-based engineering firm, may consider the share swap ratio for merger as early
as next week, said one of the people, asked not to be Identified as information..
One of the people said that the two companies have minimal overlap in businesses or customers,
and a tie-up would give them better pricing power and lower costs.
People said that discussions are on about the merger and the plan may be delayed or scrapped. A representative for Larsen declined to
comment, while representatives for Mindtree and L&T Infotech could not immediately comment.
Mindtree and L&T Infotech are expected to report earnings on Monday and Tuesday, respectively.
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