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The Economic Times

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

Happiest Minds ITC Infotech India Happiest Minds Technologies ITC Limited

ITC Infotech, a wholly-owned subsidiary of diversified conglomerate ITC Ltd, will merge with Bengaluru-based Happiest Minds Technologies to create an AI-first enterprise with a USD 1 billion turnover by FY28.

As a precursor to the merger, ITC Infotech will acquire a 22.106 per cent stake from Happiest Minds promoter Ashok Soota and Ashok Soota Medical Research LLP, according to regulatory filings.

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