ITC Infotech agrees to buy 22.1% stake in Happiest Minds, plans merger

• ITC’s ITC Infotech plans a strategic combination with Happiest Minds to build an AI-first global IT services business targeting $1 billion revenue by FY28.
• ITC Infotech will buy a 22.1% promoter stake in Happiest Minds in two tranches under a share purchase agreement.
• The stake purchase will be funded via a rights issue at ITC Infotech.
• Happiest Minds is set to merge into ITC Infotech, with ITC Infotech shares to be listed post-completion.
• The combined group would employ more than 19,000 people, with a stronger US presence and a bigger footprint in BFSI.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ITC Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 202608311735BIZWIRE_USPR_____20260831_BW399692) on August 31, 2026, and is solely responsible for the information contained therein.