HAPPSTMNDS.NSE Happiest Minds Technologies Ltd.

The deal will strengthen Happiest Minds domain capabilities in banking, financial services, insurance (BFSI) and healthcare and life sciences verticals, while also providing access to a set of marquee customers, the company statement said

The firm announced upfront payment of Rs 635 Crores at closing, with a potential additional Rs 144 Crores upon meeting FY25 performance targets. The acquisition is expected to close by May 31.

Kotak Institutional Equities' analysts believe that the client budgets may not change materially, but AI projects will see higher allocation