ITC Infotech to Acquire 22% Stake in Happiest Minds for ₹1,330 Crore Ahead of Planned Merged Entity Listing
ITC Infotech will acquire a 22.1% stake in Happiest Minds Technologies for ₹1,330 crore
Key points
- ITC Infotech will acquire a 22.1% stake in Happiest Minds Technologies for ₹1,330 crore
- The merged entity of ITC Infotech and Happiest Minds is planned for a separate stock exchange listing post-merger
- The deal values Happiest Minds at an implied market capitalisation of approximately ₹6,016 crore based on the stake pricing
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