Happiest Minds says ITC Infotech merger is on track
In short
Happiest Minds said its merger with ITC Infotech is on track. The company said approvals from CCI and Sebi are still pending, and trading in the combined company is expected to start within a year.
This matters because the deal could create a larger listed business. The exact timing still depends on the remaining approvals, which have not been given yet.
What the reporting says
Happiest Minds said its merger with ITC Infotech is on track, with CCI and Sebi approvals still pending and trading in the combined entity expected to begin within a year. The report does not say when the approvals will arrive or whether any other conditions remain. The immediate consequence is that the deal appears to be moving forward, but the listing timeline is still uncertain.
Why it matters
Happiest Minds said its merger with ITC Infotech is progressing, with approvals from the Competition Commission of India and Sebi still pending. The report says trading in the combined entity is expected to start within a year. That means the integration is moving ahead, but the final approval timing and listing date are not stated.