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

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.