Happiest Minds to merge with ITC Infotech in ₹1,330-crore deal

Happiest Minds Technologies will merge with ITC Infotech India, with Founder Ashok Soota and Ashok Soota Medical Research LLP selling a 22.1% stake to ITC Infotech for ₹1,329.72 crore. The promoter group will sell 3.366 crore shares, representing 22.106% of the company's paid-up equity capital. The deal will be completed in two tranches.