L&T Tech Company to acquire Orchestra Tech Company for Rs 187 crore

L&T Technology Services said that the company will acquire 100 percent shares of one of the Texas based IT Company names Orchestra Technology. The IT Company Orchestra Technology provides solutions for telecom network management and engineering services.

The company, L&T Technology Services (LTTS) is going to acquire the stake of Orchestra Technology in all cash deal of USD 25 million which is about Rs 187 crore and the deal will be done in two terms of USD 11 million which is approximately Rs 82.6 crore and the second payment term is USD 14 million which is around Rs 105 crore.

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