India, April 25 -- Shares of Happiest Minds Technologies were trading higher after it said in a notice to exchanges that it will acquire 100 percent stake in PureSoftware Technologies for Rs 635 crore.
"We wish to inform you that the company has executed a share purchase agreement to acquire 100 percent of the equity interest in the share capital of PureSoftware Technologies Private Limited, subject to the terms and conditions set out in the agreement," Happiest Minds said in a notice to exchanges.
The firm announced upfront payment of Rs 635 crore at closing, with a potential additional Rs 144 crore upon meeting FY25 performance targets. The acquisition is expected to close by May 31.
At 10:25 hours, shares of the company were trading at...