Hexaware Plans Voluntary Delisting, Board To Discuss Proposal

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.

[Business Standard]


Analyst:

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.

Have a question on this or other Digital & Technology topics? Click here to set up an enquiry call with Sanchit Vir Gogia.


Copyright © 2020 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.

Leave a Reply