Hexaware's Rs 530.8 crore dividend payout in 2023 beats Wipro, ICICI Lombard, and Godrej Consumer and would rank it 34th among BSE 100 index members if it were a publicly traded company.
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020.
In the past, some M&A deals involving listed companies have been impacted by the rising price of the stock after news of impending deals were reported in the media
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020
The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said, asking not to be identified because the matter is private. A share sale might value Hexaware at $4 billion or more, they said.
Carlyle Group, a US-based PE firm, bought Baring Private Equity Asia stake in the IT firm for reportedly close to $3 billion last year. The change in board comes at the back of this acquisition. Prior to the acquisition, then promoter Baring de-listed Hexaware from the Indian stock exchanges in November 2020
Last October, the Carlyle Group offered a reported $3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990.
Bain Capital & Carlyle and French IT outsourcing major Teleperformance SE have submitted binding bids to acquire Hexaware, sources told Moneycontrol
With demand outstripping supply, the company is now in aggressive hiring mode.
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This is the last result of the company as a publicly listed firm. Hexaware's shares will be delisted from stock exchanges effective November 9.
Baring PE Asia will have close to 91 percent ownership after it acquires additional 29 percent stake from public shareholders through its entities HT Global Holding BV (acquirer) along with HT Global Holdings (promoter)
Delisting first proposed in June by promoter Baring Asia PE will not impact operations
The result of the shareholder voting to consider the proposed delisting will be out on August 10, after which the timeline for the same, if it happens, would emerge.
Net Sales are expected to decrease by 5 percent Q-o-Q (up 11.9 percent Y-o-Y) to Rs. 1,464.5 crore, according to Motilal Oswal.
Moneycontrol's Sakshi Batra does 3 Point Analysis to understand the rationale behind this move and how the delisting will impact the shareholders.
The company announced in early June its promoter Baring PE Asia’s intent to delist.
Earlier this month, Hexaware promoter firm HT Global IT Solutions Holdings had expressed its intention to voluntarily delist Hexaware's shares from Indian bourses.
The fact that the market took the share price to Rs 331 in two days as compared to the indicative price of Rs 285 announced by the company is a sign of what the public shareholders think of the offer
Hexaware suspended the guidance of 15-17 percent it gave at the beginning of the year as the back of COVID-19
Net Sales are expected to increase by 14.6 percent Q-o-Q (up 24 percent Y-o-Y) to Rs. 1,499.6 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 0.9 percent Q-o-Q (up 20.4 percent Y-o-Y) to Rs. 1,263.5 crore, according to Prabhudas Lilladher.