
New Launch12 May 2025, 07:25 am
Hexaware Technologies Ltd Forms Wholly Owned Subsidiary in Egypt: Hexaware Technologies Services
AI Summary
Hexaware Technologies Ltd, a well-known player in the Information Technology industry, has formed a wholly owned subsidiary in Egypt named 'Hexaware Technologies Services'. The subsidiary is incorporated under the Egyptian Companies Law No. 159 of 1981 and the approval of the General Authority for Investment and Free Zones (GAFI) Affairs. The company's capital is set at USD 25,000, divided into 25 shares with a nominal value of USD 1,000 each. The subsidiary will be wholly owned by Hexaware Technologies Ltd, with its date of incorporation on May 11, 2025 in Egypt. This development is in line with the company's strategic growth plans and expansion into new markets.
Key Highlights
- Hexaware Technologies Ltd forms a wholly owned subsidiary in Egypt.
- The new subsidiary is named 'Hexaware Technologies Services'.
- The subsidiary is incorporated under Egyptian law and approved by GAFI.
- The company's capital is set at USD 25,000, divided into 25 shares with a nominal value of USD 1,000 each.
- The subsidiary will be wholly owned by Hexaware Technologies Ltd.