Happiest Minds Technologies Limited (NSEI:HAPPSTMNDS) will look for inorganic growth. The company has raised capital to the tune of INR 5,000 Million through Qualified Institutional Placement (QIP) of equity shares. The fund-raising committee of the Board of Directors approved the allotment of 5.411 million equity shares of face value INR 2 to eligible investors at a price INR 924 per share (including premium of INR 922 per equity share), the company said in a release.

The proceeds will be used for funding working capital requirements, investments in subsidiaries, funding inorganic growth and other general corporate purposes.