India, Sept. 1 -- Happiest Minds Technologies Ltd. (HAPPSTMNDS.NS), the Bengaluru-based digital engineering company, announced on Tuesday that it has signed definitive agreements to merge with ITC Infotech India Ltd, creating a scaled AI-focused global technology services enterprise.
The combined entity will have about 19,000 employees, serve more than 800 customers and operate across over 30 countries. Management said the merger unites Happiest Minds' strengths in AI, cloud, data and cybersecurity with ITC Infotech's expertise in enterprise transformation, SAP, PLM and industry-specific technology solutions.
As part of the transaction, ITC Infotech will acquire a 22.1% minority stake in Happiest Minds from promoter entities for INR 1,330...