LTI and Mindtree to merge, forming a $3.5 bln revenue company as IT services demand kicks into high gear

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Larsen & Toubro Infotech (LTI) and Mindtree will merge to form a larger IT services company that could be more capable of challenging bigger rivals for digital transformation contracts and global talent. LTI chief executive Sanjay Jalona is leaving and Mindtree's boss Debashis Chatterjee is to lead the combined business