{"id":1032359,"date":"2026-09-01T07:56:24","date_gmt":"2026-09-01T02:26:24","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1032359"},"modified":"2026-09-01T08:08:32","modified_gmt":"2026-09-01T02:38:32","slug":"itc-infotech-to-buy-22-stake-in-happiest-minds","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/01\/itc-infotech-to-buy-22-stake-in-happiest-minds\/","title":{"rendered":"ITC Infotech to buy 22% stake in Happiest Minds"},"content":{"rendered":"<p>Mid-tier IT services company Happiest Minds Technologies on Monday announced that its founder and promoter Ashok Soota and Ashok Soota Medical Research LLP will sell a 22.1% stake in the company to ITC Infotech for Rs 1,329.72 crore. <\/p>\n<p>According to an exchange filing, ITC Infotech will acquire a total of 3,36,61,700 equity shares of Happiest Minds in two tranches. <\/p>\n<p>In the first tranche, ITC Infotech will acquire 16.75 million shares, representing an 11% stake, at Rs 390 a share for Rs 653.26 crore. The second tranche involves the acquisition of 16.91 million shares, or 11.10%, at Rs 400 a share for Rs 676.46 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mid-tier IT services company Happiest Minds Technologies on Monday announced that its founder and promoter Ashok Soota and Ashok Soota Medical Research LLP will sell a 22.1% stake in the company to ITC Infotech for Rs 1,329.72 crore. According to an exchange filing, ITC Infotech will acquire a total of 3,36,61,700 equity shares of Happiest Minds in two tranches. In the first tranche, ITC Infotech will acquire 16.75 million shares, representing an 11% stake, at Rs 390 a share for Rs 653.26 crore. The second tranche involves the acquisition of 16.91 million shares, or 11.10%, at Rs 400 a share [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1032359","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1032359"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032359\/revisions"}],"predecessor-version":[{"id":1032365,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1032359\/revisions\/1032365"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1032359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1032359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1032359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}