ITC Infotech (ITC’s arm) signs a deal to acquire a 22.1% promoter stake in Happiest Minds for about ₹1,330 crore, according to reporting by NDTV and Business Line. The transaction values the stake at roughly the same amount across outlets and is described as part of a proposed merger arrangement.
The companies say the combination is intended to bring together complementary technology capabilities, with a focus on pursuing larger enterprise customers. Both sources describe potential commercial synergies such as cross-selling opportunities and plans to expand offerings across key sectors.
In addition, NDTV reports that the merged entity is planned to be listed after the merger, indicating a post-combination corporate and market structure. Business Line frames the development mainly around the merger’s strategic rationale and the stake acquisition terms, without adding as much detail on the listing aspect.
