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With 100% itemizing rep, Happiest Minds high employees hit jackpot

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SynopsisThe firm’s five key employees collectively held about 2.01 per cent stake, or 29.25 lakh shares, which may perhaps well possibly possibly be price about Rs 102.68 crore at itemizing designate.iStockWith around 11.90 lakh shares, Joseph Anantharaju, Vice-Chairman Designate, President and CEO, PES, is richer by simply about Rs 42 crore. Ashok Soota, the promoter of Happiest Minds, on Thursday made various of his employees millionaires after the firm’ shares listed at Rs 351, up more than 111 per cent from the reveal designate of Rs 166.
The firm’s five key employees collectively held about 2.01 per cent stake, or 29.25 lakh shares, which may perhaps well possibly possibly be price about Rs 102.68 crore at itemizing designate.
With around 11.90 lakh shares, Joseph Anantharaju, Vice-Chairman Designate, President and CEO, PES, is richer by simply about Rs 42 crore. Likewise, the 8.42 lakh fragment holdings of Venkatraman Narayanan, Executive Director & CFO, may perhaps well possibly possibly be price around Rs 30 crore.
Anantharaju joined the firm on August 8, 2011. Old to joining Happiest Minds, he used to be linked to MindTree. His atrocious remuneration for the monetary year 2020 used to be around Rs 2.33 crore.
Narayanan has been linked to the firm since April 23, 2015. Old to joining Happiest Minds, he had stints with Sonata Intention, TeamLease Products and services, SAP India Non-public, Oracle India Non-public, Arthur Anderson and Friends, Petrot Systems TSI (India), Transwork Recordsdata Products and services and MindTree Consulting.
Chaluvaiya Ramamohan (President & CEO, IMSS), made Rs 17.92 crore, Rajiv Shah (President & CEO, DBS) Rs 11.50 crore and Praveen Kumar Darshankar (Company Secretary and Compliance Officer) Rs 1.93 crore.

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“As on the date of purple herring prospectus, excluding for Ashok Soota, Venkatraman Narayanan, Praveen Kumar Darshankar, Chaluvaiya Ramamohan, Rajiv Shah, and Joseph Anantharaju, none of our pretty a pair of administrators or key administration personnel salvage any equity shares of our firm,” the firm acknowledged in the DRHP, including that it had 725 shareholders on that date.
(What’s bright Sensex and Nifty Observe most popular market records, stock guidelines and professional advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For quickest records indicators on monetary markets, funding recommendations and stocks indicators, subscribe to our Telegram feeds.)4 Comments on this Storyjagadish madiwalar25 seconds agomarket cost is around 200 quickly this will attain this.Suresh Kumar21 minutes agoAt most popular valuation goes trusty salvage it for your account coming future this will presents comely revenue
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