Joint Venture18 Dec 2025, 09:22 pm
Hexaware Technologies Ltd Approves Scheme of Amalgamation with Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited
AI Summary
Hexaware Technologies Ltd has approved a scheme of amalgamation with its wholly owned subsidiaries Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited. The merger is expected to be beneficial for all stakeholders, with no cash consideration involved. The Transferor Companies are engaged in software development, mobile technology solutions, and digital consulting services, complementing the Transferee Company's business in information technology consulting, software development, and enterprise platforms.
Key Highlights
- Hexaware Technologies Ltd has approved a scheme of amalgamation with Softcrylic Technology Solutions India Private Limited and Mobiquity Softech Private Limited.
- The Transferor Companies are wholly owned subsidiaries of the Transferee Company.
- No cash consideration is involved in the merger.
- The Transferor Companies are engaged in complementary areas of technology-enabled services.
- The merger is expected to benefit all stakeholders.