Key Developments: Hexaware Technologies Ltd (HEXT.NS)

HEXT.NS on National Stock Exchange of India

192.35INR
18 Sep 2014
Price Change (% chg)

Rs17.70 (+10.13%)
Prev Close
Rs174.65
Open
Rs175.20
Day's High
Rs199.85
Day's Low
Rs174.50
Volume
7,798,001
Avg. Vol
1,589,794
52-wk High
Rs199.85
52-wk Low
Rs109.45

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Latest Key Developments (Source: Significant Developments)

Hexaware Technologies Ltd Updates On Open Offer
Monday, 2 Sep 2013 06:46am EDT 

ICICI Securities Ltd (Manager to the Open Offer), for and on behalf of HT Global IT Solutions Holdings Limited (the Acquirer) along with Parel Investment Holdings Limited (PAC1) and The Baring Asia Private Equity Fund V, L.P. (PAC2, PAC1 and PAC2 collectively referred to as the PACs), has informed this Detailed Public Statement (DPS) to the Public Shareholders of Hexaware Technologies Ltd (Target Company), pursuant to the public announcement in relation to this Offer (the PA) filed with the BSE Limited (the BSE) and the National Stock Exchange of India Limited (the NSE) and sent to the Target Company at its registered office, on August 23, 2013 (the Execution Date). The PA was filed with the Securities and Exchange Board of India (the SEBI) on August 26, 2013. This Offer is being made by the Acquirer and the PACs to all the Public Shareholders, for the acquisition of up to 78,349,823 Shares, representing 26% of the Voting Share Capital (the Offer Size). The offer price of INR135 (the Offer Price) will be paid in cash. Tentative Schedule of Activity: Identified Date: October 03, 2013; Date of commencement of tendering period (Offer Opening Date): October 18, 2013; Date of expiry of tendering period (Offer Closing Date): October 31, 2013.  Full Article

Baring Private Equity Asia To Buy Controlling Stake In Hexaware Technologies Ltd-Reuters
Friday, 23 Aug 2013 02:51am EDT 

Reuters reported that Baring Private Equity Asia is set to buy a controlling stake in Hexaware Technologies Ltd for about $400 million. The deal is expected to be approved by the Hexaware board as early as August 23, 2013. A spokeswoman for Hexaware did not have immediate comment. Baring will roughly buy a 42% stake in Hexaware from the Indian company's founders and private equity investor General Atlantic. It will then have to make a mandatory tender offer for up to 26%.  Full Article

Hexaware Technologies Ltd Comments On Q3 2013 Revenue Guidance-Conference Call
Friday, 19 Jul 2013 06:30am EDT 

Hexaware Technologies Ltd announced that it is confident of revenue guidance for the third quarter of 2013, at a growth level of 3.5% to 5.5% growth. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of INR5.639 billion for the third quarter of 2013.  Full Article

Hexaware Technologies Ltd Declares Interim Dividend
Thursday, 18 Jul 2013 11:27pm EDT 

Hexaware Technologies Ltd announced that it has declared a payment of interim dividend at INR1.40 per share (70%) on equity shares of INR2 each. The interim dividend on equity shares as declared in the Board Meeting held on July 19, 2013 shall be paid on August 06, 2013.  Full Article

Hexaware Technologies Ltd Appoints Rajesh Kanani As CFO
Sunday, 30 Jun 2013 11:49pm EDT 

Hexaware Technologies Ltd announced that it has appointed Rajesh Kanani as Chief Financial Officer (CFO) with immediate effect.  Full Article

Hexaware Technologies Ltd Fixes Record Date For Interim Dividend
Monday, 29 Apr 2013 03:23am EDT 

Hexaware Technologies Ltd announced that the Company has fixed May 10, 2013 as the Record date for the purpose of Payment of Interim Dividend. The Interim Dividend on equity shares shall be paid on May 16, 2013.  Full Article

Hexaware Technologies Ltd Declares Interim Dividend
Sunday, 28 Apr 2013 11:30pm EDT 

Hexaware Technologies Ltd announced that the Board of Directors at its meeting held on April 29, 2013 have declared payment of Interim Dividend at INR1.20 per share (60%) on equity shares of INR2 each. The interim dividend on equity shares as declared in the Board Meeting shall be paid on May 16, 2013.  Full Article

Hexaware Technologies Ltd Signs Multi Year Agreement Estimated Revenue
Thursday, 4 Apr 2013 12:27am EDT 

Hexaware Technologies Ltd announced that the Company has signed a deal with revenue estimated at $30 million with an existing fortune 500 client in the United States for a period of three years.  Full Article

Hexaware Technologies Ltd Recommends Final Dividend
Sunday, 10 Feb 2013 10:06pm EST 

Hexaware Technologies Ltd announced that the Board of Directors of the Company at its meeting held on February 11, 2013 have recommended payment of final dividend at INR1.20 per share (60%) on equity shares of INR2 each.  Full Article

Hexaware Technologies Ltd Issues Q1 2013 Revenue Guidance Below Analysts' Estimates
Sunday, 10 Feb 2013 10:03pm EST 

Hexaware Technologies Ltd announced that for the first quarter of 2013, it expects revenue to be in the region of $94.0-$95.0 million (exchange rates taken at GBP1=$1.58, EUR1=$1.34 and $1=INR53.52); a Q-o-Q sequential revenue growth of 1.7%-2.8%. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $97.1 million for the first quarter of 2013.  Full Article

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