J Sagar Associates and Cyril Amarchand Mangaldas have advised on the $18 billion merger of Mindtree and L&T Infotech, both software units of Indian conglomerate Larsen & Toubro. JSA represented Mindtree while CAM counseled Infotech.

The merger is aimed at building scale to compete for larger deals in a booming market for IT services since the pandemic, according to Reuters. It added that L&T's push for scale in the high-growth software industry follows a pandemic-led surge in demand for digitalisation, as global businesses invest billions of dollars in cloud-computing, digital payment infrastructure and cyber security.

The JSA team was led by partners Aarthi Sivanandh and Niruphama Ramakrishnan.