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ITC Infotech agreed to acquire promoters’ 22.106% stake for ₹1,329.7 crore in two tranches, while Happiest Minds’ board approved a merger into ITC Infotech at a 25:81 share-swap ratio, subject to approvals. Happiest Minds would be dissolved upon completion; ITC may nominate one director after the first tranche.
Happiest Minds Board Approves ITC Infotech Merger, Announces 22.1% Promoter Stake Sale
Happiest Minds Announces ITC Infotech Merger, Creating US$1 Billion Revenue Enterprise
Happiest Minds Board Approves ₹1,330 Crore Merger With ITC Infotech
Happiest Minds Approves ITC Infotech Merger And Agrees ₹1,330 Crore Stake Sale