ITC Acquisition Worth ₹1,330 Cr
ITC Limited's subsidiary, ITC Infotech, will acquire a 22.106% stake in Happiest Minds Technologies Limited for Rs. 1,330 crore, followed by an amalgamation.
- Value
- ₹1,330 Cr
- Execution
- 3 to 8 months
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ITC Limited's subsidiary, ITC Infotech, will acquire a 22.106% stake in Happiest Minds Technologies Limited for Rs. 1,330 crore, followed by an amalgamation.
ITC Limited completed the second tranche acquisition of Mother Sparsh, increasing its stake to 49.32% for ₹30 Crore. The move strengthens ITC's personal care portfolio.
ITC Limited has completed the amalgamation of its subsidiaries Sresta Natural Bioproducts and Wimco Limited. Effective June 1, 2026, both entities are dissolved and merged into ITC. Consequently, Sresta's international subsidiaries become direct wholly-owned subsidiaries of ITC Limited, simplifying the group's corporate structure.