Ashok Soota sells about 1.11% of his Happiest Minds Shares to fund SKAN and Happiest Health
Mr. Ashok Soota, Promoter and Executive Chairman of Happiest Minds Technologies Limited, today sold about 16.93 Lac Equity Shares of Happiest Minds Technologies Limited, which is about 1.11% of his holding in the Company through the NSE/BSE. His holding in the Company which was 51.24% now stands at 50.13%.
Talking on the transaction Mr. Ashok Soota said “This transaction was primarily done to fund the capital requirements of SKAN, the not for profit medical research firm floated by him and enhance the share capital of Happiest Health”.
This sale is also in line with the strategy on ‘design for perpetuity’ articulated by Mr. Ashok Soota. This hinges on three pillars: ownership, leadership, and business strategy. On ownership, Mr. Soota plans to maintain his shareholding in Happiest Minds to not less than 40%. After this transaction the shareholding of the promoter at 50.13% in the Company.
About Happiest Minds Technologies:
Happiest Minds’ Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more. Positioned as ‘Born Digital. Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, and travel/transportation/hospitality. A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India, with operations in the U.S., UK, Canada, Australia, and the Middle East.
