Happiest Minds-ITC Infotech merger driven by AI revenue pressure: Experts

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 02 Sept, 00:30 UTC

Several analysts said the deal price signalled stagnant revenue growth as a key reason for the union, which provides a backdoor listing for the ITC Group subsidiary. A joint report by PwC and Grant Thornton valued Happiest Minds at Rs 405 a share and ITC Infotech at Rs 1,312 per share.

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Sources

• T1Happiest Minds-ITC Infotech merger driven by AI revenue pressure: ExpertsEconomic Times — Tech / Technology / Startups / ETTelecom02 Sept, 00:30