ITC Infotech has emerged as the frontrunner to acquire a majority stake in Happiest Minds Technologies from founder and chairman Ashok Soota.
According to reports, discussions are at an advanced stage, though the transaction has not been finalised. If completed, the deal would mark one of the biggest acquisitions in India’s IT services sector this year and strengthen ITC Infotech’s digital capabilities.
Neither company has officially confirmed the negotiations. Investors are closely watching the developments, as the proposed acquisition could reshape the competitive landscape of India’s mid-tier information technology industry.