ITC Limited — JV/Acquisition, 31-08-2026: Acquisition

ITC Infotech is set to acquire Happiest Minds Technologies, initially buying a 22.1% stake for ₹1,330 Cr, followed by full amalgamation. This strategic move, valuing Happiest Minds at ₹6,167 Cr, aims to create a powerhouse AI-first tech firm targeting US$1 billion revenue by FY28. The deal significantly enhances ITC Infotech's digital engineering, AI, and cybersecurity capabilities. It doubles their presence in the Americas and expands into key verticals like Healthcare and Edutech, boosting competitiveness for larger global mandates.