New Delhi, Sept. 1 -- Despite a muted trend in the Indian stock market, ITC shares witnessed strong buying during the early morning session on Tuesday. ITC share price today opened upside at Rs.261.50 per share on the NSE and touched an intraday high of Rs.267.50 within a few minutes, logging an intraday rise of over 4%. The FMCG stock came under the radar of Dalal Street bulls after its wholly owned subsidiary ITC Infotech, declared to acquire 22.106% share capital of Happiest Minds Technologies Limited on Monday.

ITC informed about the board approval to acquire Happiest Minds Technologies Limited share capital by its subsidiary ITC Infotech Ltd in an exchange filing on Monday, saying, "We have been advised by ITC Infotech India Limited...