Softcrylic LLC Merges Into Hexaware Technologies Inc, Strengthening IT Consulting Presence
Hexaware Technologies Limited announced that its wholly owned subsidiary, Softcrylic LLC (USA), has completed a merger into another wholly owned subsidiary, Hexaware Technologies Inc. The amalgamation was effective on May 01, 2026, and the Company confirmed receiving approval for the transaction from the New Jersey Division of Revenue.The merger involves the Transferor Company, Softcrylic LLC, merging into the Transferee Company, Hexaware Technologies Inc. Both entities are engaged in the combined business of Information Technology consulting, software and development, and business process services.
The transaction, which involves both companies being under the same control and management, is described as being beneficial to the respective shareholders, creditors, employees, and other stakeholders. The rationale cited for the amalgamation is that the two subsidiaries operate in complementary areas of technology-enabled services.
Financial Overview of Entities
The combined entities are reporting the following revenue from operations for the financial year ended December 31, 2025:| Entity Name | Role | Turnover (FY 2025) |
|---|---|---|
| Softcrylic LLC | Transferor Company | USD 29.026472 Mn |
| Hexaware Technologies Inc | Transferee Company | USD 591.757394 Mn |
Details of the Merger Consideration
The merger is structured as an arm's length transaction and does not involve any cash consideration. Instead, the exchange mechanism involves shares:| Consideration Type | Details |
|---|---|
| Hexaware Technologies Inc Equity Shares Issued | To Hexaware Technologies Limited in exchange for 5,314 membership interests of Softcrylic LLC. |
| Additional Shares Issued | 1,954 shares ('New Shares') issued to Hexaware Technologies Limited by Hexaware Technologies Inc, USA. |
HEXT Stock Price Movement
Shares of Hexaware Technologies Limited are edging higher to ₹451.3 as of 3:03 PM today, gaining 0.33% in live trading. The stock maintains its upward momentum, supported by a total traded volume of 196,022 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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