ITC Infotech approves acquisition and amalgamation with Happiest Minds Technologies
ITC · Diversified FMCG
Key highlights
- ITC Infotech to acquire 22.106% equity stake in Happiest Minds for ~₹1,330 crore in two tranches from promoters
- Post-acquisition, Happiest Minds to amalgamate into ITC Infotech with a share swap ratio of 25 ITC shares for every 81 Happiest Minds shares
- Transaction subject to approvals from CCI, SEBI, stock exchanges, NCLT, expected to complete within ~15 months by early FY28
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.