Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Hexaware Technologies Limited ( (IN:HEXT) ) has issued an update.
Hexaware Technologies has approved a scheme of amalgamation to merge its wholly owned subsidiaries, Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited, into the parent company through a court-approved merger by absorption under the Companies Act, 2013. The move is aimed at consolidating its corporate structure and could streamline operations, enhance organizational efficiency and simplify the group’s shareholding, with implications for how the company manages its technology and service delivery units. In parallel, the board has reconstituted its Nomination and Remuneration Committee, appointing non-executive director Kapil Modi as a member while non-executive director Neeraj Bharadwaj steps down from the committee, signaling an adjustment in board governance and oversight of senior management appointments and compensation.
More about Hexaware Technologies Limited
Hexaware Technologies Limited is an India-based information technology and business process services company, providing IT consulting, digital transformation and software services to global clients. Listed on Indian exchanges, the company operates through a network of subsidiaries and focuses on leveraging technology solutions to serve enterprise customers across various industries.
Average Trading Volume: 53,898
Technical Sentiment Signal: Strong Buy
Current Market Cap: 464.7B INR
Find detailed analytics on HEXT stock on TipRanks’ Stock Analysis page.