The Exchange has sought clarification from Happiest Minds Technologies Limited with respect to recent news item captioned EQT, Partners Group & ITC Info eye a chunk of Ashok Soota s Happiest Minds. The response from the Company is awaited.
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The NSE has asked Happiest Minds Technologies to clarify a recent news report claiming that private equity firm EQT, Swiss investment group Partners Group, and ITC Info are interested in buying a significant stake from founder Ashok Soota. The company has not yet responded to the exchange's query. The original news suggests a chunk of Ashok Soota's holding in the IT services firm may be up for sale. Until the company confirms or denies, the report remains unverified.
If confirmed, a stake sale to marquee investors at a premium could boost the stock price and validate the company's valuation. If denied or no deal materialises, the stock could give back any speculative gains built around the rumour.