Happiest Minds responds to NSE query on ITC Infotech acquisition news

Strategic Transactions View source PDF Explain this filing

HAPPSTMNDS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-4.2%Reaction day

₹407.05

prior close

₹409.55

announcement price

After-mkt

timing

Nifty Microcap 250market-1.0%-3.2% vs market

Computers - Software & Consulting peers, median of 67sector-1.4%-2.8% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

10m

+0.7

15m

+1.1

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2-1.0-3.2-1.4-2.8

Next day

-5.6-0.4-5.3-1.4-4.2

-6.3-0.8-5.5-1.2-5.1

-6.8-1.9-4.9-1.1-5.7

-5.9-1.3-4.6-0.9-5.0

-7.7-1.0-6.7-1.7-5.9

-9.6-2.8-6.8-3.6-6.0

15d

-4.7+0.4-5.0+0.7-5.4

+3.2+2.4+0.8+0.0+3.2

-20.1+1.0-21.0-5.9-14.2

-20.8+1.8-22.5-7.1-13.6

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Happiest Minds told NSE no disclosure is required under Regulation 30 regarding a Moneycontrol report that ITC Infotech is the frontrunner to acquire a majority stake. The company said it explores strategic opportunities as part of business strategy but cannot comment on the article's impact given freely traded shares. It will comply with disclosure rules when warranted.

Likely market impact

Neither confirms nor denies acquisition rumor; stock may stay volatile on speculation until any formal disclosure.