Happiest Minds shares dive 11% to near listing price; ITC Infotech merger plan in focus: Buy, sell or hold?

The latest decline comes as the company announced a proposed merger with ITC Infotech Ltd. The transaction involves two steps: ITC Infotech will first acquire a 22.1 per cent stake in Happiest Minds from Ashok Soota-led promoter group for Rs 1,330 crore in cash, followed by the amalgamation of Happiest Minds into ITC Infotech through a share swap.