Happiest Minds shares plunge 12.2% as ITC merger terms unsettle investors
AI Summary- ITC Infotech agreed to acquire a controlling stake in Happiest Minds and merge the businesses.
- 22.1% of Happiest Minds will cost ITC Infotech approximately 13.3 billion rupees in cash.
- Merged entity targets $1 billion revenue by FY28, with listing planned in Q2-Q3.