GS Caltex India on Monday said it has appointed Vijay Savant as the new Managing Director and Chief Executive Officer of the company

GS Caltex, Saatvik Solar, Happiest Minds Appoint New Company Heads

Board of Happiest Minds Technologies appoints directors

Happiest Minds Technologies announced the launch of a Complete 360 IT Managed Service offering, Happiest Minds’ WATCH360, designed specifically to help organizations manage their IT environment effortlessly.

Corporate

Happiest Minds launches its managed services solution - WATCH360

This video explores the recent equity changes that have taken place at Happiest Minds, a company known for its focus on happiness and well-being. The changes were made through a bulk deal, raising questions about the company's ability to achieve organic growth. The article delves into the implications of this deal and examines the potential impact on Happiest Minds' growth strategy.

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Happiest Minds: Equity Changes Hands Via Bulk Deal, Will Company Be Able To Achieve Organic Growth?

Soota sold 6% stake in the software and consulting company at Rs 834.87 per share, according to bulk deal data on the BSE.

Happiest Minds Technologies’ Promoter Ashok Soota Sells Stake Worth Rs 762 Crore

At least 92 lakh shares, amounting to a 6.1% stake in the company, changed hands in a bunch, according to Bloomberg data.

Happiest Minds Plunges After Large Trade, Promoter Likely Offloaded 6% Stake

Shares of Happiest Minds Technologies fell 9.5% to the day’s low of Rs 830.20 on BSE after the company’s promoter Ashok Soota reportedly sold off 6% stake

Happiest Minds Block Deal: Shares Fall Over 9% Over Promoter Stake Sale Buzz - News18

Happiest Minds block deal news: Reports suggest Happiest Minds’ Promoter and Executive Chairman, Ashok Soota, was looking to sell 6 per cent stake in the company through a block deal

Happiest Minds Tech block deal: Shares fall 9%; Ashok Soota likely seller

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Happiest Minds Slips In Trade As Promoter Offloads Stakes | NDTV Profit

The floor price for the block trade is set at Rs 826 per share, a discount of 10% to the previous close. Kotak Securities Ltd. is the sole bookrunner for the issue.

Happiest Minds Promoter To Offload 6% Stake Via Block Trade

The acquisition, which is valued at an upfront cash consideration of USD 8.5 million (about Rs 71 crore) and earn-outs based on performance, is expected to be completed by June 2024

Happiest Minds’ US-based Subsidiary to Acquire 100% Stake in Aureus Tech for $8.5 Mn - News18

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Happiest Minds Technologies is a digital transformation IT consulting & services company focused on big data, analytics cloud, mobility and security services.