Mid-tier IT services provider Happiest Minds Technologies plans to raise Rs 110 crore of fresh equity and around Rs 592 crore through an offer for sale. CMDB II, a private equity fund raised by JP Morgan Management, will sell its entire 19.3% stake. The promoter group stake will fall to around 53% after the IPO from 61.8%. The company's financial performance over the past three years appears to be erratic. Given its smaller size, business