Updates

Happiest Minds Technologies has announced a proposed business combination with ITC Infotech, significantly accelerating its USD 1 billion revenue target from FY31 to FY28. The transaction involves promoter stake divestment across two tranches for ₹1,330 Cr, alongside a merger scheme where shareholders will receive 25 shares of ITC Infotech for every 81 Happiest Minds shares held.

Upon completion, the combined entity targets operating margins around 18.3%+.