{
  "id": 5349592,
  "title": "Broker’s Call: Happiest Minds Tech (Buy)",
  "url": "https://urgent.news/2026/09/03/brokers-call-happiest-minds-tech-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T14:30:56.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-happiest-minds-tech-buy/article71419202.ece"
  },
  "original_language": "en",
  "account": "Happiest Minds Technologies announced that its promoter, Ashok Soota, is selling 22.1% of his 44.2% stake in the firm over two instalments. As part of the merger plan, Happiest Minds shareholders will receive 25 shares of ITC Infotech for each 81 shares of Happiest Minds they possess. Happiest Minds is known for its strong digital competencies in areas such as generative AI, data, cloud, digital product engineering, and cybersecurity. In contrast, ITC Infotech brings extensive experience in SAP, product lifecycle management (PLM), Industry 4.0, and enterprise transformation. The merger aims to create a powerhouse with over 19,000 employees spread across more than 30 countries, which will bolster the company's talent pool and geographic presence. This strategic move is expected to catapult Happiest Minds towards its goal of achieving a $1 billion revenue stream, with the original target timeline now shifted to FY28 from FY31. The merger process is projected to conclude within 15 months, contingent on regulatory clearances. Post-merger, Happiest Minds will be delisted and merged with ITC Infotech, slated to be listed on the BSE and NSE by the second or third quarter of FY28. ITC will own a substantial 73.4% stake, while the remaining 26.6% will be distributed among public shareholders, including a 7.55% non-promoter holding retained by Soota. The analyst maintains a BUY rating for the company, valuing it based on a one-year forward P/E target of 22x, projecting a TP of ₹415 per share.",
  "summary": "Axis Securities",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}