Happiest Minds & ITC Infotech Propose Merger

Happiest Minds Technologies announced a proposed combination with ITC Infotech, accelerating its vision to become a USD 1 billion revenue company by FY28, moving the target from FY31. The transaction involves promoter Mr. Soota divesting 22.1% of his 44.2% holding to fund his not-for-profit organizations and healthcare venture. The call transcript details the transaction structure, valuation, governance, and strategic rationale, highlighting complementary strengths and long-term value creation. The deal is subject to regulatory, shareholder, and statutory approvals.