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DARK SECRETS: Itc infotech | Rare Historical Photos

Dodging SaaSocalypse: AI’s enterprise moment could belong to IT services

ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT market faces challenges, requiring companies to adopt AI-centric capabilities for survival. Enterprises are burdened with legacy systems, which present both challenges and opportunities for funding technological transformations. Companies will need…

The Economic Times · Sep 30

Happiest Minds stake sale: At 82, Ashok Soota’s next act is a ₹1,330 cr healthcare push

Ashok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research and healthcare ventures. ITC Infotech will acquire the stake as part of a merger plan. The combined entity aims for a USD 1 billion turnover by FY28. Soota…

The Economic Times · Sep 1

Happiest Minds rules out job cuts after merger with ITC Infotech

Addressing a press conference after the merger announcement, top executives of the Bengaluru-based firm said that the ITC leadership has specifically stipulated the continuity of the entire workforce and leadership team. The management highlighted that both companies are currently operating at high utilisation levels - ITC Infotech at 83-84% and…

The Economic Times · Sep 1

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ITC shares rise 5%; Happiest Minds falls 8% after FMCG major acquires IT firm. What shareholders must know

ITC shares rose, while Happiest Minds fell, after ITC Infotech announced plans to acquire and merge with the Bengaluru-based IT services firm. ITC Infotech will first buy a 22.1% stake from founder Ashok Soota for Rs 1,330 crore, followed by a share swap. After the merger, ITC will hold 73.4%…

The Economic Times · Sep 1

ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore

ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest…

The Economic Times · Aug 31

ITC Infotech to acquire 22.1% stake in Happiest Minds for Rs 1,330 crore; firms to merge

ET had first reported on March 20 about ITC Infotech potentially looking to pick a stake in Happiest Minds. On August 29, ET reported details of the proposed transaction, including a merger through a share swap that will effectively result in the backdoor listing of ITC Infotech.

The Economic Times · Aug 31

Happiest Minds Technologies shares fall 6% as reports suggest ITC Infotech may buy promoter stake

Happiest Minds Technologies shares fell 6.16% after reports that ITC Infotech may acquire a 22% promoter stake. The stock settled at Rs 420.25, while investors weighed the potential transaction against the company’s recent profit and revenue growth.

The Economic Times · Aug 27

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ITC Infotech and InsureMO partner to bring AI-driven insurance modernisation to West Asia, Africa, and India

Alliance combines ITC Infotech's agentic AI framework with InsureMO's over 2,500 insurance APIs, enabling carriers to deploy intelligent automation without replacing core systems

The Economic Times · May 20

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