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Hinduja Global to acquire ‘TekLink International' and ‘uKnowva'

8 Dec 2022 , 10:56 AM

Hinduja Global Solutions Limited (HGS) continues to make significant investments to expand its digital capabilities as part of its ongoing evolution into a digital-led, people-driven customer experience (CX) services provider.

The company announced that it has entered into 2 M&A developments to support its transformation journey.

The company has agreed to acquire a 100% stake in TekLink International, Inc., for a consideration of US$ 58.8 million (approx. Rs 483.97 crore). The deal with the analytics service provider is expected to be completed within the next two months.

HGS has signed a non-binding Letter of Intent (LoI) with Convergence IT Services to acquire uKnowva, a digital Human Resources Management System (HRMS) product business, subject to due diligence and approvals.

uKnowva is a cloud-based SaaS platform that is simple to use, inexpensive, and leverages intelligent software to provide human capital management, automation, and collaboration for midsize and growing businesses.

TekLink International provides full-service financial planning and analytics, including design, implementation, and application management. It has developed technical and functional expertise in a variety of industries, including consumer goods, retail, pharmaceuticals, manufacturing and distribution, utilities, and high technology.

At around 10.59 AM, Hinduja Global was trading at Rs1,369.25 apiece, up by 1.41% from its previous closing of Rs1,350.25 on the BSE. The scrip opened at Rs1,356 and touched an intraday high and low of Rs1,389.65 and Rs1,356 respectively.

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

Related Tags

  • Hinduja Global Bonus issue
  • Hinduja Global News
  • Hinduja Global Share
  • Hinduja Global Stock
  • Hinduja Global Updates
  • TekLink International
  • uKnowva
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