Larsen & Toubro Infotech, a global technology consulting and digital solutions company, announced it has completed the acquisition of Cuelogic Technologies Private Limited (Cuelogic).
According to the exchange filing, “In continuation to our previous disclosure vide letter no. LTI/SE/STAT/2021-22/33 dated June 16, 2021, thereby intimating inter-alia the signing of definitive agreement for acquisition of Cuelogic Technologies Private Limited (‘Cuelogic’), having its registered office in Pune along with its 100% subsidiary in US, Cuelogic Technologies, Inc., we would like to inform that the Company has completed the acquisition of 100% shareholding of Cuelogic on July 7, 2021.”
Consequently, Cuelogic is now a wholly owned subsidiary of the Company and Cuelogic Technologies Inc., US is now wholly owned step-down subsidiary of the Company, the statement said.
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