ITC Infotech agreed to acquire 22.1% stake in Happiest Minds; merger proposed

According to a stock exchange filing cited in the article, ITC Infotech will acquire a 22.1% stake in Happiest Minds Technologies from promoter Ashok Soota for ₹1,330 crore (across two tranches). The companies also proposed a merger via a share swap, subject to statutory, shareholder and regulatory approvals, and said they expect completion within 15 months while operating independently until approvals are obtained.