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ITC Infotech Nears Happiest Minds Takeover at Rs 390-400

Happiest Minds Technologies logoHappiest Minds Technologies
Sig3.60Sen-2.40Env0.00Soc0.00Gov-1.80

Happiest Minds Technologies’ shares fell on Aug 27 after reports that ITC Infotech may acquire a major stake in the Bengaluru IT services firm. The reported ₹390–₹400 per-share cash deal could buy a 22% promoter stake, trigger a mandatory open offer, and potentially lead to delisting. The move would end more than a decade of independence.

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