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Happiest Minds Technologies Ltd. ( (IN:HAPPSTMNDS) ) has provided an announcement.
Happiest Minds Technologies Limited announced there has been no deviation in the use of funds raised through Qualified Institutional Placement (QIP) as per the objectives stated in their Placement Document dated July 14, 2023. The funds, amounting to INR 500 crores, were allocated for investment in subsidiaries, funding working capital, supporting inorganic growth, and general corporate purposes, with the audit committee confirming compliance with the intended utilization.
More about Happiest Minds Technologies Ltd.
Happiest Minds Technologies Limited operates in the information technology sector, focusing on delivering digital transformation solutions and services. The company’s primary offerings include IT services, digital business solutions, and software product engineering, targeting businesses aiming to enhance their digital capabilities.
YTD Price Performance: -1.53%
Average Trading Volume: 44,393
Current Market Cap: 108.8B INR
For a thorough assessment of HAPPSTMNDS stock, go to TipRanks’ Stock Analysis page.