Merger5 May 2026, 08:41 pm
Hexaware: Softcrylic LLC Merger into Hexaware Tech Inc Approved
AI Summary
Hexaware Technologies Ltd. announced the approval from the New Jersey Division of Revenue for the merger of its wholly-owned subsidiary, Softcrylic LLC, USA, into another wholly-owned subsidiary, Hexaware Technologies Inc, effective May 1, 2026. The merger involves no cash consideration, with Hexaware Technologies Inc issuing one equity share to Hexaware Technologies Limited in exchange for 5,314 membership interests of Softcrylic LLC. Additionally, 1,954 new shares will be issued to Hexaware Technologies Limited by Hexaware Technologies Inc, USA. The rationale behind the merger is to consolidate entities under the same control and management, engaged in complementary areas of technology-enabled services.
Key Highlights
- Hexaware's subsidiary Softcrylic LLC to merge into Hexaware Technologies Inc effective May 1, 2026.
- The merger aims to consolidate entities under common control and management.
- No cash consideration; share exchange involves Hexaware Technologies Inc issuing shares.
- Softcrylic LLC's turnover for FY25 was USD 29.026472 Mn.
- Hexaware Technologies Inc's turnover for FY25 was USD 591.757394 Mn.