This merger will be completed in 9-12 months. Until then, both LTI and Mindtree will function independently. Their respective FY23 growth guidance remains unch-anged and the management is confident of achieving the targets. Meanwhile, a steering committee will be constituted to oversee the transition. "The proposed amalgamation will be an overhang in the short term because of the leadership transition and risks of some disruptions in operations," Emkay analysts said.