February 03, 2021
The fastrack merger scheme was introduced in the 2013 Companies Act istock AndreyPopov×
L&T Technology Services Ltd (LTTS), a subsidiary of business conglomerate Larsen & Toubro (L&T), is on the prowl in North America and European markets to acquire technology firms with sub-$50 million in annual revenues.
The firm is scouting for companies with expertise in software product development, healthcare product development, automotive software development and independent software vendors. Any acquisition in any of these areas would help the global pure-play engineering services company expand its capabilities in its existing industry verticals.
“As a technology and engineering company, LTTS is constantly looking at niche white spaces. At any given time, we have a portfolio of target companies in a number of new age domains. LTTS has a dedicated M&A team evaluating and looking into each of these sectors. For LTTS it is not the size of the acquisition but the techno
LTTS recognized in the "Product" Category for its innovative healthcare and smart campus solutions Chest rAI i-BEMS L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play
L&T Technology Services Wins 2021 BIG Innovation Awards, USA – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index falling 437.11 points or 1.68% at 25515.04 at 13:48 IST. Among the components of the S&P BSE IT Sector index, Wipro Ltd (down 3.87%), Tata Elxsi Ltd (down 3.66%),L&T Technology Services Ltd (down 3.16%),Aptech Ltd (down 3.05%),Brightcom Group Ltd (down 2.75%), were the top losers. Among the other losers were Firstsource Solutions Ltd (down 2.74%), Tech Mahindra Ltd (down 2.62%), Cyient Ltd (down 2.61%), Sonata Software Ltd (down 2.58%), and Birlasoft Ltd (down 2.56%). On the other hand, Datamatics Global Services Ltd (up 5.62%), 3i Infotech Ltd (up 4.95%), and Majesco Ltd (up 4.93%) moved up.
At 13:48 IST, the S&P BSE Sensex was down 505.47 or 1.07% at 46904.46.
Read more about Information Technology shares gain on Business Standard. Information Technology stocks were trading in the positive zone, with the S&P BSE IT Sector index rising 109.14 points or 0.42% at 26175.63 at 09:48 IST.