saudi aramco: LTIMindtree picks up 51% stake in new JV with Saudi Aramco subsidiary
Mumbai-based IT services provider LTIMindtree has picked up 51% controlling stake in a new joint venture (JV) formed with Global Digital Integrated Solutions Company, a wholly owned subsidiary of oil firm Saudi Aramco, to provide information technology services in the Middle East and North Africa (MENA) region.LTIMindtree, India’s sixth largest IT services firm by revenue, will make an initial investment equivalent to $12.3 million (about Rs 101.96 crore), in one or more tranches, the company said in a regulatory filing…