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Development · 2 Sep 2026

ITC, full dossier

ITC Infotech announced a deal to acquire a 22.1 per cent stake in Happiest Minds Technologies for Rs 1,330 crore from founder Ashok Soota, with the acquisition to be completed in two tranches followed by a share swap merger.

2 publishers have reported this development. Each act of reporting is below, cited.

The record

ITC Infotech announced a deal to acquire a 22.1 per cent stake in Happiest Minds Technologies for Rs 1,330 crore from founder Ashok Soota, with the acquisition to be completed in two tranches followed by a share swap merger.

zeebiz.com1 Sep 2026

ITC Infotech announced plans to acquire a 22.1% stake in Happiest Minds Technologies from promoter Ashok Soota for around ₹1,330 crore, followed by a proposed merger of the two companies.

fortuneindia.com1 Sep 2026

ITC

₹255.90

▼ -2.61%

Close (EOD), as of 1 Oct 2026 · source

ITC: results, dividends, orders, the full cited record →

More on ITC

ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements.

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27 Sep 2026 · 3 publishers

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