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LTIMindtree enters the NIFTY 50 Index

Jul 13, 2023

By: BlinkX Research Team

National Stock Exchange of India Ltd. (NSE) has included LTIMindtree in its coveted NIFTY 50 index. 

The company was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022. 

Accordingly, the NIFTY 50 is the flagship index on the NSE. Its indices are computed using a float-adjusted and market capitalization-weighted method. In this method, the index level indicates the aggregate market value of stocks present in the index in a specific base period.

“LTIMindtree plays a crucial role in the technology-led growth ambition of L&T Group, and we are thrilled to celebrate our inclusion in the NIFTY 50 index. 

The merger of LTI and Mindtree was driven by our vision to create a stronger, large-scale player with diversified portfolio of services and skills. LTIMindtree has showcased consistent growth and turned that vision into reality, while staying true to our goal of ‘Getting to the Future, Faster. Together’," said, S. N. Subrahmanyan, Chief Executive Officer and Managing Director, Larsen & Toubro Limited (L&T), and Vice-Chairman, LTIMindtree.

Source: Media Reports