iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Hexaware files for Rs 9,950 crore IPO

9 Sep 2024 , 10:32 AM

Hexaware Technologies, a Mumbai-based IT business backed by private equity firm Carlyle Group, has submitted a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) for a projected Rs 9,950 crore initial public offering (IPO).

The IPO is solely an offer for sale (OFS) by the promoter, CA Magnum Holdings, a subsidiary of the Carlyle Group with a 95.03% ownership in Hexaware.

The profits of the offering will be received by the selling shareholder rather than the corporation. The company said in the DRHP that the reason for going public is to “achieve the benefit of listing equity shares on stock exchanges and carrying out OFS for the selling shareholder.”

If the IPO is successful, it will be the largest public offering in India’s IT services sector since Tata Consultancy Services’ Rs 4,700-crore IPO more than 20 years ago.

Hexaware Technologies is a global digital and technology services company that focusses on artificial intelligence (AI) and serves a wide range of clients, including 31 Fortune 500 companies.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Carlyle Group
  • Hexaware Technologies
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.