June 14, 2020

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Happiest Minds files IPO papers with Sebi; JP Morgan fund to sell stake

Happiest Minds Technologies, a digital transformation IT consulting and services company, filed Draft Red Herring Prospectus (DRHP) for its initial public offer (IPO) with Sebi.

The proposed IPO comprises a fresh issue of shares worth up to Rs 110 crore and offer for sales of around 3.56 crore shares by the promoter Ashok Soota and private equity investor CMDB II (JP Morgan Asset Management).

The company is proposed to be listed on both the leading stock exchanges BSE and NSE.