Happiest Minds Shares Dive 11% on ITC Infotech Merger
Stock falls after company announces proposed merger with ITC Infotech.
TLDR
Business Today reported that Happiest Minds shares declined 11 percent and approached their listing price. The decline followed the company's announcement of a proposed merger with ITC Infotech Ltd. The transaction includes ITC Infotech first acquiring a 22.1 percent stake in Happiest Minds from Ashok Soota-led interests. The article frames the drop as raising buy, sell or hold questions for shareholders amid focus on the merger plan.
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