Hexaware Unlisted Share Overview
About Hexaware
● Hexaware Technologies Limited provides information technology consulting, software development, and business process services. It offers application transformation management solutions, including cloudify application,API and integration, delivery, and application managed services; business intelligence and analytics services, such asAMAZE for data and artificial intelligence (AI), data modernization, decision science lab, data visualization, and Internet of things; and business process services covering HIPAS-intelligent process automation, customer experience, finance and accounting transformation, translation, marketing operation, revenue cycle management, banking and financial, insurance, and healthcare.
● The company also provides digital assurance services consisting of autonomous testing, BOTandAI testing, cloud quality assurance, data centric testing, test automation, managed testing, performance engineering, test advisory and consulting, application security assurance, and usability testing; enterprise solutions comprising business process management, Oracle e-business suite, Oracle Cloud, Peoplesoft, SAP, and Workday services; and infrastructure management services, which include digital workplace, hybrid cloud, enterprise service management, software asset management, cyber security resilience, automation as a service, consulting, DevOps, and RAISE IT platform.
● The company has a client base across six business verticals, including Banking, Financial Services, Healthcare & Insurance, Manufacturing & Consumer, Hi-Tech& Professional services, andTravel &Transportation.
● The company was founded in 1990 and is headquartered in Navi Mumbai, India. Hexaware Technologies Limited is a subsidiary of CAMagnum Holdings
● The company has a client base worldwide with 70%, 20%, and 10% revenue share from countries in theAmericas, European countries, andAisa-Pacific countries, respectively
● It had 43 offices in 2021 scattered all over the world with 24,166 employees. It was incorporated on 20th November 1992 as a public limited company
Hexaware Merger &Acquisition
Buyback
● On October 25, 2016, the company initiated a Tender buyback offer.The offer was to repurchase a total of 5694835 equity shares which is 1.89% of the total paid-up capital.The shares were purchased for Rs 240 per equity share. The total aggregate amount was Rs 1366.76 million
Acquisitions
● On the 23rd of October, 2021, HexawareTechnologies Limited was acquired by CAmagnum holdings.HTGlobal Holdings B.V. and HTGlobal ITSolutions Holdings Limited, the company's former promoters, sold 28,80,68,041 equity shares to CAMagnum Holdings. CAmagnum acquired around 95.51% stake in Hexaware technologies at a valuation of $3 billion
● On September 16, 2020, HT Global ITSolutions Holdings Limited successfully acquired an additional 29.1% minority stake in Hexaware Technologies Limited from shareholders for INR 41.5 billion.
● On November 8, 2013, HT Global ITSolutions Holdings Limited acquired a 20.28% share in HexawareTechnologies Limited for INR 8.2 billion in cash. Under the offer, 60.5 million shares were tendered.
● On October 11, 2013, Elder Venture LLP, Elder Infosystem Private Limited, and GAGlobal Investments Ltd. sold their 41.88% stake in Hexaware Technologies Limited to Baring Private EquityAsia, through its fund BaringAsia Private Equity Fund V, L.P., and the Canada Pension Plan Investment Board.
