Mid-size information technology (IT) services firm Hexaware Technologies on Friday said that it is considering a proposal to delist its stock from the bourses which would be discussed during its board meeting next week.
It’s not true for only Hexaware, but for most mid-cap IT firms as they are under tremendous pressure from a cash flow perspective or winning new businesses,” said Sanchit Vir Gogia, founder and CEO, Greyhound Research. This is typically how private equity firms make dramatic changes in the business like disposing some assets or reducing workforce, and public listing brings in a lot of mandatory disclosures otherwise, he added.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Digital & Technology Research & Advisory firm. To read more about him, click here.
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