For a consideration of Rs 4.5 cr
Happiest Minds Technologies has executed share purchase agreement to acquire 100% equity interest in Macmillan Learning India, subject to the terms and conditions set out in the agreement. On closing the said transaction, Macmillan Learning India will become a wholly owned subsidiary of the company. The cost of acquisition is Rs 4.5 crore.The acquisition is expected to be completed by 30 April 2024.
Macmillan Learning India is a wholly owned subsidiary of the Macmillan group, USA. The subsidiary provides software development services to the Macmillan group and has been working as an ''Offshore Development Centre.
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