Tuesday, 1 September, 2026
Swap Ratio Jitters: Happiest Minds Slumps 11% Post-ITC Infotech Buyout Announcement
By TechShots Studio
Shares of Happiest Minds Technologies tumbled over 8% following the announcement that ITC Infotech will acquire a 22.1% promoter stake for ₹1,330 crore and subsequently merge the two IT entities. Investors reacted guardedly to the proposed 25-for-81 share-swap ratio and the expected 15-month timeline for full regulatory approvals and final listing of the combined $1 billion tech enterprise.
Read full story at REUTERS