Ashok Soota, the Executive Chairman and promoter of Happiest Minds Technologies Limited, has sold approximately 1.11% of his stake, equivalent to around 16.93 lakh equity shares, through NSE and BSE. The move is aimed at generating capital for SKAN, a non-profit medical research organization founded by Soota, and enhancing the share capital of Happiest Health. The Bengaluru-based IT company, which recently reported a Q1 net profit of Rs 58.33 crore, has set ambitious goals, including achieving a $1 billion valuation by 2031. Happiest Minds successfully raised Rs 500 crore ($61 million) in July through a Qualified Institutions Placement, reinforcing its financial position for future endeavors and growth initiatives.
Happiest Minds Chairman Ashok Soota Trims Stake by 1.11% to Fund Medical Research and Boost Health Initiatives
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