Summary
- ITC Infotech India Limited has acquired 3,36,61,700 equity shares of Happiest Minds Technologies Limited, amounting to 22.106% of its equity share capital.
- The acquisition occurred in two tranches as part of a strategic merger between Happiest Minds and ITC Infotech.
- Cyril Amarchand Mangaldas provided legal advice to ITC Infotech during this transaction.
- This merger could significantly reshape the landscape of IT services in India—watch for further developments.
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