India's LTIMindtree climbs on report government awards tax card upgrade project

LTM

04/08/2025 09:08

** Indian IT services firm LTIMindtree LTIM.NS gains 0.9% to 5,062 rupees

** Co awarded Indian government's tax card upgrade project, known as PAN 2.0, Reuters reports, citing a government source aware of the matter

** The project, approved by Prime Minister Narendra Modi's administration in November 2024, is expected to go live in 18 months, the report says

** LTIM and the income tax department did not immediately respond to Reuters' requests for comment

** Stock was trading 0.2% higher before the report

** YTD, stock down over 9%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))