Happiest Minds Shares Surge Up to 9% as ITC Infotech Leads Acquisition Race

inds Technologies shares jumped as much as 9% on Monday, July 13, 2026, after reports indicated that ITC Infotech has emerged as the frontrunner to acquire a majority stake in the Bengaluru-based IT services firm. The stock touched an intraday high of ₹419.90 on the NSE before settling around ₹407, reflecting strong investor optimism. Details of the deal, including the exact stake size, valuation, and transaction structure, are still under negotiation. Founder and Executive Chairman Ashok Soota, who holds over 32% directly and more than 40% through promoters, is reportedly exploring a stake sale. At current prices, his holdings are valued at approximately ₹2,600 crore.