HEXAWARE
Hexaware to hire up to 8,000 people globally in 2024
Hexaware Technologies intends to expand its workforce globally by hiring between 6,000 and 8,000 employees in 2024 across various countries including India, the US, Canada, Mexico, Poland, and the UK. The company's hiring plans are contingent upon favorable global market conditions, as stated in a news release. Rajesh Balasubramanian, EVP and Global Head of Talent Supply Chain at Hexaware, emphasized the company's active recruitment drive to attract talented individuals worldwide.
Carlyle hires 5 I-banks for $1 bn Hexaware IPO
Carlyle plans to list Hexaware, aiming to raise $1 billion at a valuation of $5.5-6 billion. The move follows Carlyle's acquisition of Hexaware in 2021 from Baring PE Asia. If successful, it would mark India's largest technology sector IPO.
Midcaps up M&A game with winds of tech spends revival
Indian IT sector witnesses a surge in acquisitions by firms of all sizes, driven by the need to pivot to new technologies and business models. Smaller players innovate and acquire to become key innovation partners in digital areas.
Hexaware acquires Softcrylic; boosts its data and analytics capabilities
While Hexaware didn’t disclose the financials of the deal, the acquisition would boost the mid-tier IT firm’s data and analytics capabilities, said the company in a statement. Global investment bank, Canaccord Genuity, advised Softcrylic on the transaction.
Carlyle picks JPMorgan and Kotak to help arrange Hexaware IPO: Report
The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.
Carlyle said to weigh $1 billion IPO for Indian IT firm Hexaware
At about $1 billion, it would be the biggest IPO in the country since Life Insurance Corp. of India’s in 2022, according to data compiled by Bloomberg. That company’s shares slumped initially but have mostly recovered.
- Go To Page 1
India Inc looks to build pipeline of female AI talent
As artificial intelligence continues to disrupt businesses, companies like Microsoft, Hexaware Technologies, Accenture, Tech Mahindra, and Capgemini are unleashing several measures to attract more women and tackle their underrepresentation in this fast-growing field. Initiatives to build this pipeline include upskilling, mentorship programmes, gamification challenges, structured internships, as well as stronger campus engagement to build future female AI practitioners.
Gender pay gap widens as women go up the tech ladder
Aon’s latest estimates shared exclusively with ET showed that the unadjusted gender pay gap in the technology sector in 2023 is in the range of 28-30%, while for junior management, it is 8-10%.
Hexaware appoints Girish Pai as global head of data, AI
Pai has around 28 years of experience in IT, digital strategy, and data and analytics and most recently was part of the advisory board at Vitalize Venture Capital firm.
Hexaware announces 100-120% variable pay to all employees
Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said.
Baring EQT could deploy $4-5 b in India over 3 years: Jean Salata, Chairman, EQT Asia
We're excited about government investment in digital infrastructure and the India stack, how that's interoperable and how costs have come down. So many people have mobile phones (now), you can sense it as a change of mindset among younger people. With around 60% of people under the age of 29, the demographic dividend is real. All that is creating a lot of positive energy and momentum.
Holcim to Hexaware & Suven: When Barclays broke the Wall St dominance on Indian Deal St to top M&A sweepstakes
From vanilla debt products to complex, new structures, storied UK bank takes new issuers, co-led around $5 billion on loans for PEs in last 24 months.
ESG-focused PE fund allocation more than doubled in 2021; AUM to further expand in five years: Bain & Co report
The report--India Private Equity Report for 2022--said India-focused funds expect ESG considerations over their PE AUM assets under consideration to grow to 90% over five years from now, up from only 39% five years ago, indicating a significant acceleration in ESG adoption across the sector.
Tech Inc has never witnessed such a high. But is it ready for the new twist?
This sector has resurrected itself as a bellwether, demonstrating great resilience during the pandemic. The markets have been swift to take notice of the industry's ability to bounce back, rewarding it with larger capital allocation and higher trading multiples. With great recognition comes great responsibility. And therein lies the twist.
Hexaware Tech revenue to grow at 12-14% next fiscal: Fitch
The agency has assigned India-based Hexaware Technologies long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-' and said the Outlook is positive.
Carlyle plans $1 billion bond to help buy Indian IT firm Hexaware
The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware.
Baring Asia set to accept $3 billion Carlyle offer for Hexaware
If the deal is materialised it will be the biggest deal in the domestic software services space.
Suitors line up to acquire Hexaware Technologies in $2.5-billion deal
Private equity firms Bain Capital, Carlyle Group and KKR & Co., as well as French outsourcer Teleperformance SE, are in fray to acquire Hexaware Technologies for $2.5 billion from Baring PE Asia in potentially the largest IT deal in India.
Team Prashant Jain at HDFC AMC picked most IPOs in Sept; dumped RIL, ICICI Bank, ITC
Data available with Ace Mutual Fund showed the country’s second-biggest fund house by assets invested heavily in the recently concluded IPOs of Chemcon Specialty, Computer Age Management Services (CAMS), Angel Broking and UTI AMC.
Vedanta delisting fails; company to return all the shares tendered
The total number of shares validly tendered by the public shareholders in the delisting offer is 125.47 crore, which is less than the minimum number of shares required to be accepted by the acquirers in order for the delisting offer to be successful, the company said in an exchange filings.
After Hexaware's successful delisting, now all eyes are on Vedanta
Hexaware public shareholders who have tendered their equity shares at or below the exit price will be paid a consideration of Rs 475 per share.
Hexaware Technologies to offer Rs 475 per share for delisting
The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16.
Hexaware gains 3% amid reverse book building process
“We don't expect minority investors of any IT company likely to surrender shares at a significant discount to its prevailing market price given the current strong demand backdrop for IT/digital services. So Rs 420-450 is the right range for minority shareholders to tender their shares,” ET reported Suyog Kulkarni of Reliance Securities as saying.
Hexaware delisting offer opens
The reverse book building process of Hexaware Technologies, the first delisting offer by a private equity player in India opened on Wednesday.
Hexaware delisting plans hit roadblock
This is the first attempt by a private equity firm to take its listed company private. JM Financial and Citi are the merchant bankers hired for the delisting.
Hexaware Technologies stock price factored gradual recovery: HDFC Securities
HDFC Securities has given a price target of Rs 385, almost 10% lower than the current market price of Rs 425.
Goldman Sachs says Hexaware stock influenced more by delisting than its fundamentals
The stock price of Hexaware Technologies has rallied 48% after the promoters announced their intention to delist the stock from Indian bourses at an indicative offer price of Rs 285.
Load More
