INTERNATIONAL JOURNAL OF ENGINEERING MANAGEMENT AND
SOCIAL SCIENCES
(An International Peer-Reviewed Multi-Disciplinary Journal)
ISSN : 3139-065X
www.ijemss.com
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This study examines the impact of the merger between Larsen & Toubro Infotech (LTI) and Mindtree on Economic Value Added (EVA) to evaluate its effect on shareholder value creation. Mergers and acquisitions are widely used as strategic tools to achieve business growth, operational efficiency, and competitive advantage. The study covers a six-year period, including three years before the merger (FY2019–20 to FY2021–22) and three years after the merger (FY2022–23 to FY2024–25). EVA is used as the primary financial performance measure to assess the company's ability to generate returns above its cost of capital. The research is based on secondary data collected from annual reports, financial statements, company publications, and financial databases. Descriptive statistics and a paired sample t-test are used to compare EVA before and after the merger. The findings indicate whether the merger improved economic performance and enhanced shareholder value. The study provides useful insights for investors, financial analysts, corporate managers, and researchers on the effectiveness of mergers and acquisitions in the Indian information technology sector