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 attached.
HAPPSTMNDS · price
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BSE and NSE sought clarification from Happiest Minds following a news article titled 'EQT, Partners Group & ITC Info eye a chunk of Ashok Soota's Happiest Minds' and a significant rise in the stock price. The company responded that it is not aware of any such discussions regarding a stake sale and therefore cannot comment. It further stated that there is no pending material information or announcement that could affect the stock's price or volume. The company affirmed it has already disclosed all price-sensitive information as required by SEBI listing rules.
This is a neutral-to-mildly-negative clarification since the company has denied any knowledge of the reported stake-sale talks, which may cool some of the buying enthusiasm that pushed the share price up. However, the stock remains in focus given the high-profile names mentioned in the article.