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Promoters agreed to sell a 22.106% stake to ITC Infotech for ₹1,329.7 crore in two tranches at ₹390 and ₹400 per share. The Board also approved Happiest Minds’ merger into ITC Infotech at a 25:81 share-exchange ratio, subject to regulatory and shareholder approvals. Context: resolves the reported ownership uncertainty.
Happiest Minds Approves ITC Infotech Merger And ₹1,330 Crore Promoter 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