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  3. Hexaware Technologies may relist on the bourses, over three years after…

Hexaware Technologies may relist on the bourses, over three years after delisting

26 Mar 2024

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Key Takeaways

  • Revived Investor Interest:

    • Hexaware's potential return signals renewed investor confidence and strategic expansion opportunities.

  • Carlyle Group's Confidence:

    • Carlyle Group's contemplation of an IPO reflects trust in Hexaware's market value and future growth prospects.

  • Competitive Resilience:

    • The projected valuation underscores Hexaware's resilience and competitive positioning, buoyed by its diverse service offerings in cloud, data, and artificial intelligence.

  • Revived Investor Interest:

    • Hexaware's potential return signals renewed investor confidence and strategic expansion opportunities.

  • Carlyle Group's Confidence:

    • Carlyle Group's contemplation of an IPO reflects trust in Hexaware's market value and future growth prospects.

  • Competitive Resilience:

    • The projected valuation underscores Hexaware's resilience and competitive positioning, buoyed by its diverse service offerings in cloud, data, and artificial intelligence.

Hexaware Technologies

Hexaware Technologies

Listed0.00%

Expert Analysis

Hexaware Technologies Contemplates Return to Dalal Street with Potential IPO Valued at $4 Billion.

Expert Analysis:

  • Potential Return to Dalal Street: Hexaware Technologies, delisted in 2020, may re-enter Indian stock markets, with Carlyle Group considering options, including an IPO.

  • Valuation Projection: Bloomberg reports suggest an IPO could value Hexaware at $4 billion or higher, indicating substantial growth potential.

  • Carlyle Group Acquisition: About a year after delisting, Carlyle Group acquired Baring Private Equity Asia's 62% stake in Hexaware Technologies for nearly $3 billion in October 2021, indicating notable investor interest and potential strategic shifts for the company.

  • Strategic Growth Potential: Considerations highlight Hexaware's resurgence and potential for significant valuation expansion in the IT services sector.

  • Delisting Decision:Hexaware Technologies' shares were removed from the stock exchanges in November 2020 after the company's promoters agreed to the discovered delisting price of ₹475 per share, representing a crucial strategic juncture in the company's journey.

Publisher:CNBC TV 18