Larsen & Toubro Infotech Limited on its acquisition of the entire paid-up share capital of Lymbyc Solutions Private Limited

Khaitan & Co advised Larsen & Toubro Infotech Limited on the deal

Larsen & Toubro Infotech Ltd has signed a definitive agreement to acquire Bengaluru-headquartered Lymbyc. Financial terms were not disclosed.

Lymbyc is a specialist Artificial Intelligence, machine learning and advanced analytics company. The acquisition further strengthens LTI’s fast-growing digital and analytics offerings, the company said in a statement.

Larsen & Toubro Infotech Limited provides information technology services and solutions. The company, led by S N Subrahmanyan, in 2018 recorded $1.370 million revenues.

Khaitan & Co advised Larsen & Toubro Infotech Limited with a team including Niren Patel (Picture), Aayush Misra, Shubhi Pahwa and Pritika Mehrotra.

Involved fees earner: Niren Patel – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Larsen & Toubro Infotech ltd;