Happiest Minds Technologies has executed a 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.
The article originally appeared on Business Standard.
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