FIIs Increase Stake: BPO/KPO Company Has Approved to Merge its Five US Wholly Owned Subsidiaries; Detail Inside
The company has a good return on equity (ROE) track record with a 3-year ROE of 45.9 per cent and has been maintaining a healthy dividend payout of 21.1 per cent.
HGS CX Technologies Inc., a wholly-owned subsidiary of Hinduja Global Solutions Limited (HGSL), has received approval from its Board of Directors to merge five of its US-based wholly-owned subsidiaries: Hinduja Global Solutions LLC, HGS Digital LLC, HGS (USA) LLC, HGS Canada Holdings LLC, and Teklink International LLC. This merger aims to streamline the organizational structure of HGS CX Technologies Inc., enhancing its efficiency. The merger is subject to necessary regulatory approvals in the relevant jurisdictions.
This restructuring will not impact the Company's overall operations. The primary objective is to create a more streamlined and efficient organizational structure for both HGS CX Technologies Inc. and HGSL. This merger will not result in any changes to the shareholding patterns of the Company or HGS CX Technologies Inc.
Hinduja Global Solutions Ltd. is a leading provider of business process management (BPM) services, offering a range of voice and non-voice solutions, including contact center support and back-office transaction processing. As part of the diversified Hinduja Group, which operates across sectors like automotive, IT, media, and healthcare, HGS employs approximately 200,000 people worldwide. The company's business encompasses two key segments: BPM, with a global reach across North America, Europe, Asia, and the Middle East; and Digital Services, where it serves as a prominent digital delivery platform in India, providing satellite, cable, and broadband services to over 5 million customers in 1,500 cities and towns.
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On Tuesday, shares of Hinduja Global Solutions Ltd (HGS) surged 1.20 per cent to an intraday high of Rs 698.05 per share from its previous closing of Rs 689.85 per share. The stock’s 52-week high is Rs 1,011.85 per share and its 52-week low is Rs 593 per share.
The stock is trading at 0.42 times its book value of Rs 1,648 each. The company has a good return on equity (ROE) track record with a 3-year ROE of 45.9 per cent and has been maintaining a healthy dividend payout of 21.1 per cent. The company is a small-cap company that has a market cap of over Rs 3,200 crore and investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.