“Pursuant to Regulation 30 of the Listing Regulations, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in equity shares of LTIMindtree Ltd. (“Company”) from 1,49,06,665 to 2,08,34,009 i.e., 5.033% to 7.034% of the paid-up capital of the said Company,” said LIC in an exchange filing.
There has been a net increase of 2.001% in holding during the period from March 20, 2024, to November 19, 2024, and the transaction has been an open market purchase.
For the second quarter that ended September 2024, IT services company LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1,251 crore while the revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore.
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The company’s board had also approved an interim dividend of Rs 20 per share and fixed October 25 as the record date for the same. The said dividend will be paid within 30 days of the announcement.
LTIM offers an extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to clients in diverse industries.
The shares of LTIMindtree closed 0.9% higher at Rs 5,929.15 on the BSE on Thursday.
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