Mindtree To Buy L&T's NxT Digital Business For Rs 198 Crore

Mindtree has signed an agreement to acquire the NxT Digital Business, the cloud based IoT and AI platform for Industry 4.0 of L&T Group for a total consideration of Rs 198 crore. The acquisition will enhance Mindtree's cloud-based internet of things and artificial intelligence capabilities for Industry 4.0, Mindtree said in a regulatory filing to the stock exchanges.