ITC Infotech acquires 22.10% stake in Happiest Minds from promoter

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

HAPPSTMNDS · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close

-1.0%1-day move

₹311.30

prior close

₹310.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.4-0.5-0.3-0.8-1.0-0.4-2.0-2.3-2.3-3.5————

Up moveDown movePending

AI summary

ITC Infotech India (a wholly owned subsidiary of ITC Limited) is acquiring 3,36,61,700 equity shares of Happiest Minds Technologies (about 22.10% of share capital) from promoter Ashok Soota and his entity under a Share Purchase Agreement signed on 31 August 2026. As an interim step, 1,69,11,471 shares (11.106%) have been frozen in the depository system on 24 September 2026. ITC Infotech does not yet hold any voting rights or beneficial interest; those remain with Soota until deal completion.

Likely market impact

Major ownership change at Happiest Minds as ITC group enters as a large strategic shareholder; promoter Ashok Soota partially exits.