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An update from Hinduja Global Solutions Limited ( (IN:HGS) ) is now available.
Hinduja Global Solutions Limited has secured interim relief from the Bombay High Court in its dispute with tax authorities over the application of General Anti-Avoidance Rules to the demerger of the Digital, Media and Communication business of NXTDigital into the company for assessment years 2022-23 and 2023-24. The court has admitted the company’s writ petition challenging the GAAR panel’s characterization of the demerger as an “impermissible avoidance arrangement” and granted a stay on implementation of the panel’s direction until further hearings in January 2026, and the company said it continues to respond to income tax notices for assessment years 2021-22 to 2023-24, with no current adverse financial impact reported from these matters.
More about Hinduja Global Solutions Limited
Hinduja Global Solutions Limited is a business process management and customer experience services provider, offering outsourced customer support and back-office solutions to clients across sectors. The company focuses on leveraging digital technologies and domain expertise to deliver customer engagement and business process optimization for global enterprises.
Average Trading Volume: 1,613
Technical Sentiment Signal: Sell
Current Market Cap: 20.52B INR
For a thorough assessment of HGS stock, go to TipRanks’ Stock Analysis page.