Happiest Minds-ITC Infotech merger on track, listing expected in a year
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Happiest Minds managing director Venkatraman Narayanan said the merger with ITC Infotech is on track, with listing expected within a year.
- ✓The company awaits approvals from the Competition Commission of India and Sebi.
- ✓"It's going very well," Narayanan said.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Happiest Minds managing director Venkatraman Narayanan said the proposed merger with ITC Infotech is progressing as planned, with the combined entity's listing expected within a year.
Mid-tier IT services company Happiest Minds said its merger with ITC Infotech is on track and it expects the listing and trading of new securities of the combined entity to begin within a year.
While board and shareholder approvals have been received, the company is awaiting a nod from the Competition Commission of India (CCI) and a review by stock exchanges and market regulator Sebi.
"It's going very well. So we are looking to tick all the boxes and within the time that we had set for ourselves so that we can get ahead with the marriage," managing director Venkatraman Narayanan said.
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