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Asia

ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore

Markets-Economic Times · 1h ago · 🇮🇳 India

ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore

ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest listed IT services player by revenue. Upon completion, the merged company is proposed to be listed on Indian stock exchanges.

Read the full story at Markets-Economic Times →

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