Hexaware Tech shares rise 3% on deal to acquire SMC Square entities for Rs 1,029 crore

Hexaware Tech shares have risen 30 percent in the last three months.

Shares of Hexaware Technologies rose 3 percent to Rs 882 in morning deals on July 17 after the compnay announced the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India in a deal valued at up to Rs 1,029 crore, marking a significant step in its strategy to scale up in the rapidly expanding Global Capability Center (GCC) space.

The transaction, which is structured entirely in cash, includes an upfront payout of $45 million, with the remainder linked to performance-based earnouts. The deal is expected to close on July 17, 2025.

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This acquisition allows Hexaware to deepen its footprint in the mid-market GCC segment—an area witnessing exponential growth in India and projected to cross $100 billion by 2030. With a team of around 500 employees and delivery centers in Bengaluru and Hyderabad, SMC Square brings with it strong execution capabilities and a go-to-market presence in the US. The deal gives Hexaware immediate access to SMC’s proven expertise in GCC setup and operations, while also allowing it to integrate those offerings with its strengths in AI, cloud, analytics, and enterprise platforms.

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By combining, Hexaware is aiming to provide end-to-end transformation solutions for companies looking to scale and optimise their GCC operations. The acquisition also enhances Hexaware’s ability to attract high-quality tech talent and reinforces its position in the evolving technology services landscape. Shares of Hexaware Technologies closed 1.39 percent higher on Wednesday at ₹858 and are up 13 percent so far this year.

At about 10 am, shares of the company were trading at Rs 866, higher by 1 percent from the last close on the NSE. Hexaware Tech shares have risen 30 percent in the last three months.

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