BREAKING NEWS

Investments

Exports

Projects

Markets

Technology

Tech: ITCI-Happiest Minds to work on global-AI

Combined entity to substantially enhanced presence in US markets Bangalore-headquatered ITC Infotech (ITCI), a wholly owned subsidiary of ITC Limited (NSE:ITC) and a leading global technology services player, has proposed a strategic combination with Happiest Minds Technologies Limited to create a scaled, future-ready, AI-first global technology services enterprise. The ITCI Board approved a proposal to acquire 22.1% equity stake from the promoter of Happiest Minds of Bangalore in two tranches under a Share Purchase Agreement. The transaction would be funded through a Rights Issue by ITC Infotech. ITCI Board has also approved a proposed Scheme of Amalgamation of Happiest Minds...

Read moreDetails